UK imports no Russian fuel for first time on record
(Montel) The UK did not import any fuels from Russia in June for the first time since records…
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Showing 4401 of 21452 articles
S Africa coal imports to Europe jump 5-fold since invasion
(Montel) Europe’s taste for South African coal has grown sharply since Russia’s invasion of Ukraine six months ago,…
Read moreGerman power rises as French nuclear woes buoy supply fears
(Montel) German front-month power climbed on Wednesday – but was still below record highs hit earlier this…
Read moreSpain to avoid energy rationing this winter – minister
(Montel) Europe’s energy crisis could force some countries like Germany to introduce rationing measures this winter, but not…
Read moreFrench nuclear output to hit winter low in supply risk – EQ
(Montel) French available nuclear capacity will dive 6-8 GW year on year this winter to a record low,…
Read moreGerman industry needs to deepen gas demand cuts – official
(Montel) Germany needed to significantly reduce gas consumption ahead of winter to prepare for the prospect of Russia…
Read moreGermany plans to prioritise fuels transport via railways
(Montel) Germany has set out a legal framework to prioritise the transport of fuels via its railways to…
Read moreNordic Q4 power jumps EUR 5 to record high on dry spell
(Montel) The Nordic front-quarter contract jumped EUR 5 to a fresh record high on Wednesday as drier…
Read moreGerman spot power to retreat amid rising wind output
(Montel) German day-ahead power prices looked set drop around EUR 26 on Wednesday as forecasts pointed to…
Read moreBrent crude holds above USD 100 ahead of US inventory data
(Montel) Oil prices were little changed early on Wednesday as participants awaited fresh weekly inventory data from the…
Read moreCO2 slips below EUR 90 as fuels fall
(Montel) European carbon prices slipped below EUR 90/t for the first time in eight days on Tuesday, while…
Read morePolish industrials cut gas consumption on price surge
(Montel) Polish industrials Pulawy and Orlen announced this week they have cut production due to surging gas prices,…
Read moreVattenfall rules out return of 1.6 GW coal plant in Germany
(Montel) Vattenfall is unable to resume commercial operations of its 1.6 GW hard coal-fired plant Moorburg in Germany,…
Read moreEuropean spot power surges to new highs as crisis deepens
(Montel) Spot power prices across several European markets, including Germany, the Nordic region and France, skyrocketed to fresh…
Read morePower bourses to hike price cap to EUR 5,000/MWh on 20 Sept
(Montel) European spot power exchanges will raise the price cap in the day-ahead markets to EUR 5,000/MWh,…
Read moreGas prices soften but supply worries persist
(Montel) European gas prices softened in early Tuesday trading, after hitting multi-month highs on Monday, as participants awaited…
Read moreIgnitis sees 27% rise in H1 green output amid gas slump
(Montel) Lithuanian utility Ignitis saw power output from renewables jump 27% year on year to 0.88 TWh in…
Read moreEU coal terminal stocks rise to near 3-year high
(Montel) Coal inventories at northwest European ports have risen 2% on the week to their highest since October…
Read moreRhine river levels to dip after brief recovery
(Montel) Heavy rainfall has lifted Rhine river levels from recent lows but continued dry weather meant they would…
Read more1.1 GW Scottish wind farm to be fully operational H1 2023
(Montel) The 1.1 GW Seagreen offshore wind farm will be fully operational in the first half of 2023…
Read moreGerman spot power to extend record amid low green output
(Montel) German day-ahead power prices looked set to hit fresh record levels above EUR 600/MWh amid low renewables…
Read moreOil prices bounce after Saudi Arabia hints of output cuts
(Montel) Oil prices rose early on Tuesday after Saudi Arabia suggested that the Opec+ alliance would be ready…
Read moreGerman 875 MW coal unit to return to market on 29 Aug
(Montel) Germany utility Uniper will return its 875 MW hard coal-fired unit Heyden 4 to the market under…
Read moreFrench regulator summons Iberdrola over terminated contracts
(Montel) France’s energy regulator, Emmanuelle Wargon, has summoned Spain’s Iberdrola to explain the firm’s decision to terminate about…
Read moreCO2 prices plummet by over EUR 5
(Montel) European carbon prices fell by more than EUR 5 on Monday as the potential for demand destruction…
Read moreGas plants give Finnish reserve tender a miss
(Montel) Gas-fired power plants in Finland have not taken part in the country’s recent tender for reserve capacity…
Read moreDutch govt to further subsidise filling of gas storage
(Montel) The Dutch government is in the process of setting aside more money to incentivise the filling of…
Read moreGunvor, Vitol and others sign up to German gas aid scheme
(Montel) Major trading houses, including Gunvor and Vitol, have signed up to a German scheme compensating firms for…
Read moreGerman Cal 23 spirals more than EUR 100 on supply jitters
(Montel) Germany’s benchmark power contract surged more than EUR 100 to a fresh record on Monday, buoyed…
Read moreNordic system price settles at new record near EUR 400/MWh
(Montel) The Nordic power system price for Tuesday delivery settled at a record EUR 392.23/MWh amid expectations of…
Read moreNorway power exports can’t be cut to curb prices – regulator
(Montel) Norway cannot cut power exports in order to help curb domestic electricity prices under the terms…
Read moreSpanish spot power set for EUR 20 gain on tighter supply
(Montel) Spanish spot power prices could rise around EUR 20 this week amid expectations of a tightening…
Read more2.8 GW floating offshore wind capacity clears UK auction
(Montel) Crown Estate Scotland, the Queen’s property manager, has awarded seabed leasing agreements to three floating offshore wind…
Read moreTTF September gas jumps to contract high on NS1 concerns
(Montel) The TTF September contract jumped around 20% to a fresh high on Monday amid concerns of…
Read moreGermany may spare Isar 2 reactor, close remaining plants
(Montel) German economy minister Robert Habeck has reiterated his opposition to a lifetime extension for the country’s last…
Read moreGerman spot power eyes new record amid rising demand
(Montel) German day-ahead power prices looked set to extend a record high on Monday amid rising demand and…
Read moreGas surges EUR 48 to near 6-month high on NS1 fears
(Montel) European gas prices spiked more than EUR 48 on Monday to a near six-month high amid concerns…
Read moreOil prices continue fall on growing recession fears
(Montel) Oil prices were continuing their recent fall on Monday amid growing recession fears, particularly in China and…
Read moreUK industry warns of closures amid soaring power prices
(Montel) UK industry is warning of potential factory closures this winter as firms struggle to cope with soaring…
Read moreGazprom to halt Nord Stream 1 for 3 days at end of Aug
(Montel) Russian gas giant Gazprom will stop flows over the 55bcm/year Nord Stream 1 undersea link with Germany…
Read moreGas soars, CO2 hits all-time high
(Montel) Wholesale energy prices extended gains across the board on Friday, with gas prices soaring on supply concerns…
Read moreCarbon prices briefly touch new high above EUR 99/t
(Montel) Europe’s benchmark carbon price briefly traded above EUR 99/t for the first time, buoyed by expectations of…
Read moreEurope LNG discount to TTF hits record on Asia competition
(Montel) The discount offered for LNG arriving in Europe has deepened to a fresh record high of USD…
Read moreEC approves EUR 27.5bn German scheme to compensate industry
(Montel) The European Commission (EC) has approved a EUR 27.5bn German scheme to compensate energy-intensive companies for higher…
Read moreGerman power front year soars to new record EUR 565/MWh
(Montel) German front-year power extended its recent record high to EUR 565/MWh on Friday bolstered by shrinking supply…
Read moreEUAs climb to fresh 6-month high
(Montel) European carbon prices climbed to fresh six-month highs on the back of several bullish short-term signals on…
Read morePrice spike reveals Baltic import dependence – experts
(Montel) Wednesday’s price spike of EUR 4,000/MWh in the Baltics indicates that the region is highly dependent on…
Read moreNordic front-year power hits new high amid supply squeeze
(Montel) Nordic power futures rose on Friday, with the front year marking a new contract high amid buoyant…
Read moreHeat to subside in Germany next month – forecasters
(Montel) Germany would see a revival in hot weather in the short-term, but conditions may cool with more…
Read moreGerman spot power to gain next week amid muted wind
(Montel) German spot power prices looked set to jump around EUR 80 next week as forecasts pointed…
Read moreOil prices retreat amid renewed growth worries
(Montel) Oil prices slumped in early trading on Friday, snapping two consecutive days of gains amid renewed worries…
Read moreGerman gas levy to raise power prices by EUR 5 – Enervis
(Montel) The German gas levy announced this week will increase German spot power prices by EUR 5…
Read moreCroatia to double LNG terminal capacity to 6.1bcm
(Montel) The Croatian government will double the capacity of the LNG terminal on the island of Krk in…
Read moreNordic TSOs urge Norway to drop export restrictions
(Montel) TSOs in Denmark, Sweden and Finland on Thursday called on Norway to drop plans to impose limits…
Read moreGerman THE gas hub raises fees on “difficult environment"
(Montel) German gas market operator Trading Hub Europe (THE) will introduce several levies on 1 October to…
Read moreGerman Cal power extends high as supply constraints persist
(Montel) Germany’s benchmark power price rose to a fresh high on Thursday amid buoyant gas markets and…
Read morePolenergia to launch 145 MW of wind and solar by end 2022
(Montel) Polish utility Polenerga will launch 145 MW of wind and solar capacity by the end of the…
Read moreGas prices jump amid continued supply fears
(Montel) European gas prices jumped on Thursday amid ongoing supply concerns and forecasts of hot, dry weather ahead.…
Read moreExport cut could provoke ”nightmare” retaliation – Statkraft
(Montel) Plans to curb power exports from Norway could provoke a “nightmare” tit for tat scenario where the…
Read morePoland’s Columbus eyes 133 MW battery storage unit by 2027
(Montel) Columbus Energy, a developer of solar power in Poland, has acquired a company planning a 133 MW…
Read moreEurowind to launch 214 MW of onshore wind in Poland by 2024
(Montel) Eurowind Energy, a developer of renewables based in Denmark, plans to launch 214 MW of onshore wind…
Read morePGNiG’s power output jumps 50% in H1, profit triples
(Montel) Polish energy firm PGNiG’s power generation jumped 50% year on year to 2.8 TWh in January-June, while…
Read moreGerman spot power to ease on weaker demand
(Montel) German day-ahead power prices looked set to ease from a record high on Thursday amid expectation…
Read moreOil prices edge up on signs of improving demand
(Montel) Oil prices edged up in early trading on Thursday after official US data indicated a pick-up in…
Read morePrice cap lowers Spanish spot power by EUR 49.85 – ministry
(Montel) A cap on gas prices for Iberian power generation led to a EUR 49.85/MWh drop in Spanish…
Read moreCO2 rises EUR 3 on tight supply, eyes new highs
(Montel) European carbon prices rallied more than EUR 3 on Wednesday amid a gloomy outlook for power…
Read moreGas prices edge up as energy supply concerns persist
(Montel) European gas prices edged higher on Wednesday as persisting drought hampering some power generation boosted demand for…
Read moreGerman power rally continues amid strong energy complex
(Montel) German power prices extended gains on Wednesday, helped by firm gas, coal and carbon prices as well…
Read moreGas cuts brought Uniper to “brink of insolvency” – CEO
(Montel) Uniper, Germany’s biggest gas importer, was on the “brink of insolvency” in the wake of Russia…
Read moreNordic system price hits fresh record on low supply
(Montel) The Nordic system price hit an all-time high of EUR 322.28/MWh for Thursday amid low supply from…
Read moreFuel transport crisis along Rhine could persist – experts
(Montel) Dry weather forecasts point to little respite for barge transport of coal, oil and other key commodities…
Read moreEDF to repair small corrosion cracks at Flamanville 2 – ASN
(Montel) EDF will need to repair small stress corrosion cracks found at its 1.3 GW Flamanville 2 nuclear…
Read moreCarbon marches above EUR 95/t as August rally extends 20%
(Montel) Europe's benchmark carbon price surpassed EUR 95/t for the first time in six months on Wednesday, thanks…
Read moreGerman spot power eyes new record high on solar drop
(Montel) German day-ahead power prices looked set to extend a record high as forecasts on Wednesday called…
Read moreUniper hedges 90% of 2023 output at EUR 41/MWh
(Montel) German utility Uniper had sold 90% of its 2023 German power at a price of EUR…
Read moreUniper posts H1 net loss of EUR 12bn on curbed gas flows
(Montel) Uniper has posted a net loss of EUR 12bn for the first half of 2022 largely…
Read moreNorsk Hydro shuts output at 2.4 TWh Slovakian smelter
(Montel) Norwegian aluminium group Norsk Hydro will stop primary aluminium production at its Slovalco smelter in Slovakia by…
Read moreNorway strike could hit 1 GW of smelter demand from Monday
(Montel) An expansion of an ongoing strike in Norway could hit two aluminum smelters in central and northern…
Read moreGas prices extend 5-month highs on supply fears
(Montel) European gas contracts surged to fresh highs on Tuesday afternoon as fears of tight supply this winter…
Read moreFrench power prices surge above EUR 1,000/MWh
(Montel) French power prices soared to new record levels across the curve on Tuesday amid a continued…
Read morePower bourses set to hike price cap to EUR 5,000/MWh – TSO
(Montel) European spot power exchanges will soon raise the price cap for the day-ahead markets to EUR…
Read moreGas prices hit 5-month high amid rising demand
(Montel) European front-month gas prices soared to a new five-month high on Tuesday boosted by rising demand –…
Read moreBaltic day-ahead power soars to EUR 4,000/MWh for one hour
(Montel) Baltic day-ahead power prices reached a EUR 4,000/MWh price ceiling for one hour as supply failed to…
Read moreGerman Cal 23 power breaches EUR 500/MWh for first time
(Montel) Germany’s benchmark power contract on Tuesday breached EUR 500/MWh for the first time, taking a cue from…
Read moreGermany faces “new energy challenges” this winter – minister
(Montel) Germany is facing “new challenges” in terms of energy supply this winter, said energy and economy…
Read moreGerman LNG terminals to operate at capacity from year end
(Montel) Two German floating LNG terminals – due online by year end – will operate at full…
Read moreNordic Q4 power jumps EUR 15 amid supply concerns
(Montel) Nordic power prices extended the previous day’s gains on Tuesday amid ongoing concerns about tight supply this…
Read morePower exports not risking security of supply – Statkraft CEO
(Montel) The head of Norwegian power producer Statkraft has dismissed concerns electricity exports to neighbouring countries are endangering…
Read moreRhine river levels sink to new lows
(Montel) Europe’s ongoing drought has pushed levels on the Rhine river to new record lows, threatening to halt…
Read moreGerman spot power eyes record EUR 540 on falling renewables
(Montel) German day-ahead power prices looked set to surge to a new record high exceeding EUR 500…
Read moreOil prices continue fall on weak China economic data
(Montel) Oil prices continued their recent fall on Tuesday to around their lowest point since before Russia invaded…
Read moreNorway power export restrictions not imminent – PM
(Montel) Norway has no imminent plans to curb electricity exports even though the government is assessing how to…
Read moreCO2 briefly breaches EUR 90/t
(Montel) European carbon prices briefly breached EUR 90/t for the first time since 1 July on Monday, with…
Read moreGermany sets gas levy at EUR 24.19/MWh
(Montel) Germany has set a new gas levy of EUR 24.19/MWh – to help companies struggling with…
Read moreSept TTF climbs on storage demand, lower Norway supply
(Montel) The TTF front-month gas contract rose on Monday on the back of storage demand and maintenance…
Read moreNordic power futures jump 13% despite wet outlook
(Montel) Nordic power futures jumped around 13% early on Monday as high spot prices and strong fuels markets…
Read moreNorway earns record EUR 13bn as gas exports surge in July
(Montel) Norway earned a monthly record NOK 128.4bn (EUR 13bn) from gas exports in July, with its gas…
Read moreGerman spot power to gain on flagging wind, demand boost
(Montel) German day-ahead power looked set to jump over EUR 30 on Monday amid a forecast drop…
Read moreBrent crude oil slips below USD 98/bbl
(Montel) Crude oil prices fell by over USD 1 in early trading on Monday amid signs of increased…
Read morePoland adds 0.3 GW renewables in June
(Montel) Poland added 0.3 GW of renewable power capacity in June, bringing the country's total to 20.6 GW,…
Read moreGas rebounds amid ongoing supply crisis
(Montel) European gas prices clawed back earlier losses on Friday afternoon as ongoing concerns about a curtailment of…
Read moreSpain could boost gas export capacity to France by 30%
(Montel) Spain could boost its gas export capacity to France by 30% in two to three months,…
Read moreNordic power futures rise as spot settles near year high
(Montel) Nordic power futures were rising on Friday afternoon following a strong spot settlement for Saturday – the…
Read moreGerman front-year power rises as gas fears persist
(Montel) German front-year power edged higher on Friday amid ongoing gas supply uncertainty, while stronger carbon prices…
Read moreBerlin to support new gas link from Spain to Germany– Scholz
(Montel) German chancellor Olaf Scholz has announced his support – but not pledged financial aid – for…
Read moreNS1 flows to double from current levels in winter – analysts
(Montel) Russian gas flows via the Nord Stream 1 pipeline to Germany are expected to double from current…
Read morePolish power output falls 4% in July – TSO
(Montel) Polish power output fell 4.2% year on year to 13.8 TWh in July amid a decline in…
Read moreGerman hot, dry spell to persist until Sept after brief rain
(Montel) Germany would see some initial rainfall next week, providing relief from the current drought conditions, though the…
Read moreENBW trading arm sees 12% hit to earnings in H1
(Montel) Earnings at ENBW’s thermal generation and trading business fell by 12% in the first six months…
Read moreBrent crude oil slips back below USD 100/bbl
(Montel) Crude oil prices edged lower in early trading on Friday, retreating from one-week highs reached in the…
Read moreCO2 hits 6-week high on strong fuels, equities
(Montel) European carbon prices hit a six-week high above EUR 88/t on Thursday in reaction to higher gas…
Read moreNaturgy LNG unit earnings flip from loss to EUR 0.3bn profit
(Montel) H1 earnings before interest and tax at Spanish energy firm Naturgy’s LNG unit flipped from a…
Read moreFortum dismisses calls to restart 565 MW coal-fired plant
(Montel) Finnish energy group Fortum has no plans to bring its partially owned Meri-Pori coal-fired plant in Finland…
Read moreIncomplete NS1 documents threaten full restart – Gazprom
(Montel) Incomplete and erroneous documentation from Germany is preventing the overhaul and maintenance of turbines required for full…
Read moreGas prices rise as supply concerns persist
(Montel) European gas prices rose on Thursday, extending this week’s gains as concerns about potential winter supply shortages…
Read moreCosts jump 30-40% to curb French green growth – analysts
(Montel) Surging material costs for French renewables projects – up more than a third in a year…
Read moreNordic Q4 power trades flat despite wetter outlook
(Montel) Nordic power futures traded flat to higher on Thursday as stronger gas and German power prices…
Read moreRWE to restart 3 lignite units (900 MW) this winter
(Montel) German utility RWE will restart three lignite units – Neurath C (292 MW), Niederaussem E (295…
Read moreIEA raises global oil demand outlook on fuel switching
(Montel) The International Energy Agency has modestly raised its global demand outlook for this year due to a…
Read moreOrsted’s H1 power output rises 39%
(Montel) Danish energy group Orsted generated 14.8 TWh of electricity in the first six months of 2022, up…
Read moreOil prices trade flat as US inflation pressure eases
(Montel) Crude oil prices traded little changed early on Thursday as signs of easing inflationary pressure in the…
Read moreRWE trading earnings rise 4% in H1
(Montel) RWE’s trading division earnings rose 3.8% in the first half of the year amid a “strong…
Read moreCoal jumps near 10% on fuel supply issues
(Montel) Near-term European coal prices surged by 9% on Wednesday as German water authorities forecast river levels…
Read moreRhine coal transport set to grind to a halt – forecasters
(Montel) Coal deliveries along Germany’s Rhine to power plants are likely to grind to a halt as…
Read moreGerman power curve tracks gas, coal to fresh high
(Montel) Germany’s benchmark power contract climbed to a record high on Wednesday, tracking increases in near-term prices…
Read moreGas prices jump EUR 10 on fears of prolonged shortage
(Montel) Front-month gas on the Dutch TTF hub jumped EUR 10 – though prices were still in…
Read moreSweden becomes Europe’s largest power exporter in H1
(Montel) Sweden overtook France as the biggest net exporter of electricity in Europe during the first half of…
Read moreHigh prices to curb German gas use this winter – Eon
(Montel) Skyrocketing gas prices could curb consumption from private households and industrials this winter, German utility Eon, one…
Read moreNordic power futures rebound on dry weather outlook
(Montel) Nordic power futures prices rose early on Wednesday, rebounding from the previous session’s drop as weather forecasts…
Read moreEarly outlook shows normal winter, average heating demand
(Montel) Early indications are pointing to a mild winter in Europe, with average heating demand, forecasters told Montel…
Read moreAcer spells out power bidding zone options for 5 countries
(Montel) EU energy regulatory agency Acer has spelled out options for TSOs in five countries to consider as…
Read moreEDF sues French state for EUR 8.3bn over power sales
(Montel) French utility EDF is suing the state for EUR 8.3bn after the government forced it to…
Read moreOil prices soften amid lingering demand concerns
(Montel) Crude oil prices slipped in early trading on Wednesday as concerns about sluggish global demand outweighed signs…
Read moreUK’s Centrica to buy 1m tonnes/year of US LNG
(Montel) UK energy firm Centrica has agreed to buy 1m tonnes of US LNG annually over a 15-year…
Read moreEon hedges 90% of its 2022 nuclear generation at EUR 78/MWh
(Montel) Eon subsidiary Preussen Elektra had hedged 90% of this year’s nuclear power generation in Germany by…
Read moreEon “open to discussion” on nuclear lifetime extension
(Montel) German utility Eon is open to discuss the operational extension of its 1.4 GW nuclear reactor Isar…
Read moreEU gas storage goal likely in winter “tightrope walk”
(Montel) Europe could achieve its gas storage goal of 80% of capacity before November but faces a…
Read moreCarbon prices extend 4-week high
(Montel) Europe’s benchmark carbon price extended a four-week high on Tuesday, buoyed by the prospect of rising demand…
Read moreDenmark sees record 53.3% share of renewables in H1
(Montel) Renewable energy accounted for a record 53.3% share of power consumption in Denmark in the first six…
Read moreGerman power falls with weakening fuel prices
(Montel) German power futures edged lower on Tuesday, retreating from recent contract highs amid flagging coal and gas…
Read moreScottish Power eyes green H2 plant of “several hundred” MW
(Montel) Scottish Power and Hutchison ports plan a “multi-hundred MW green hydrogen production facility to help decarbonise…
Read moreTTF gas front-month contract slumps to 2-week low
(Montel) Europe’s benchmark gas contract fell to its lowest level in two weeks on Tuesday amid high…
Read moreNordic Q4 power dives EUR 15 on wetter outlook
(Montel) The Nordic front-quarter power contract slid EUR 15 to EUR 235/MWh on Tuesday, depressed by wetter forecasts,…
Read moreGerman spot power to hold above EUR 340/MWh on low wind
(Montel) German day-ahead power prices looked set to remain above EUR 340/MWh as forecasts indicated that relatively low…
Read moreNeoen, Equinix sign 10-year wind PPA in Finland
(Montel) French renewables developer Neoen and German counterpart Prokon have signed a 10-year power purchase agreement (PPA) to…
Read moreCez hedges 70% of 2023 power output at EUR 90.50/MWh
(Montel) Czech utility Cez had hedged 33 TWh, or 70%, of next year’s power production at an average…
Read moreOil prices trade flat on weak economic backdrop
(Montel) Oil prices were trading flat on Tuesday amid a weak economic backdrop that indicated a dent to…
Read moreGas prices ease slightly amid thin liquidity
(Montel) European gas prices eased slightly amid thin liquidity on Monday as the market continued to focus…
Read moreGasum executives quit to form new energy consultancy
(Montel) Mikko Askolin and Dan Sandin have left Finnish energy major Gasum to form a new Helsinki-based energy…
Read moreLithuania plans to more tightly regulate power suppliers
(Montel) Lithuania’s energy ministry said on Monday it plans to tighten regulations governing electricity suppliers after one company…
Read moreGerman Cal 23 power hits new high on soaring fuels
(Montel) The German front-year power contract reached another record high on Monday amid super strong fuels prices.…
Read moreSpanish spot power to trade flat amid steady demand, supply
(Montel) Spanish spot power prices would hover around EUR 140/MWh on average this week amid expectations of…
Read moreGas prices fall with European injections "going great guns"
(Montel) European gas prices were falling on Monday with storage injections in the region “going great guns” ahead…
Read moreNordic power futures rise on winter supply concerns
(Montel) Nordic power prices rose on Monday – albeit down from the record highs reached last week –…
Read moreFrance extends cooling limit exemption for nuclear plants
(Montel) The French government has extended the raising of the limits governing the temperature of river water…
Read moreGerman spot power edges lower on more wind
(Montel) German day-ahead power prices looked set to ease on Monday amid higher wind generation.…
Read moreOil edges up amid strong demand indicators, supply fears
(Montel) Oil prices were edging up on Monday amid strong demand indicators and on persistent concerns around supply…
Read moreContaminants risk UK-EU gas market links – EDF
(Montel) Hazardous contaminants in the gas the UK is preparing for export to the EU are threatening…
Read moreFrance to become net power importer after 20+ years
(Montel) France looks set be a net power importer this year due to record low output at…
Read moreCoal hits 7-week low amid healthy supply
(Montel) European coal prices extended their losses for a sixth consecutive day to a near two-month low on…
Read moreFrench pledge bimonthly progress reports on reactor outages
(Montel) The French government plans to give progress reports – "probably bimonthly" – about the status of outages affecting…
Read moreGerman Cal 23 power falls from record on easing gas
(Montel) German front-year power retreated on Friday from a new record high under pressure from weaker gas futures.…
Read moreAstora offers 7.3 TWh additional gas storage at Austria unit
(Montel) Gas storage operator Astora is offering 7.3 TWh of additional capacity at the Haidach unit in Austria,…
Read moreGermany dry spell set to hamper power production to Sept
(Montel) Germany is set to see a warm, dry spell continue to September, forecasters said on Friday, with…
Read moreCarbon hits 2-week high as auction volumes plunge
(Montel) European carbon prices climbed for the fifth consecutive session on Friday supported by a 50% reduction in…
Read moreGerman spot power to jump EUR 20 next week as heat lingers
(Montel) German spot power prices looked set to rise around EUR 20 next week from current levels…
Read moreFrance invokes crisis measures amid heatwave, drought
(Montel) French prime minister Elisabeth Borne on Friday put the country on a “crisis” footing amid the country’s…
Read moreOil prices rebound from pre-Ukraine war lows
(Montel) Brent crude oil prices edged up on Friday morning after hitting their lowest levels since Russia invaded…
Read moreCoal prices fall amid Rhine bottleneck
(Montel) European coal prices were falling on Thursday as port stocks were full amid low river levels, particularly…
Read moreNorway to curb power exports on hydro dearth – minister
(Montel) Norway is looking to implement measures to curb its power exports as the country faces a shortage…
Read moreFrance agrees emergency gas market measures
(Montel) The French parliament has agreed emergency gas market measures, including the building of a 50 TWh/year LNG…
Read moreFrance to raise Arenh sales 20% as part of emergency bill
(Montel) The French parliament has agreed to a 20% increase -- to 120 TWh/year – of regulated Arenh…
Read moreRecord gas storage injections likely to falter – think tank
(Montel) Net gas injections into European storage facilities reached a record 44.5bcm between April-July but rising demand and…
Read moreGerman utilities warn of output cuts amid low river levels
(Montel) Some German utilities have warned of potential output curbs from this week as low river levels and…
Read moreNordic power drifts sideways but bullishness remains
(Montel) Nordic power futures were trading sideways after Wednesday’s large drop as the underlying momentum in the market…
Read moreAsia-Pacific coal prices slip to 2-week low
(Montel) Asia-Pacific benchmark coal prices have fallen to their lowest in nearly two weeks amid subdued demand and…
Read moreEesti Energia’s power output rises 56% in Q2
(Montel) Eesti Energia’s power generation rose 56% year on year to 1,408 GWh in the second quarter, as…
Read moreGerman spot power dips on more wind, waning demand
(Montel) German day-ahead power prices looked set to drop on Thursday amid forecasts for stronger wind production…
Read moreUS Freeport LNG confirms plant restart in October
(Montel) US Freeport LNG has said it will resume production – at about 55mcm/day – at its Texas…
Read moreOil prices linger near 3-week low amid demand worries
(Montel) Brent crude oil prices were trading near a three-week low early on Thursday amid concerns about…
Read moreNS1 turbine return “impossible” due to sanctions – Gazprom
(Montel) The return of a gas turbine Russia’s Gazprom claims is crucial to pump gas through the Nord…
Read moreCO2 jumps EUR 1.50 on auction supply cut
(Montel) European carbon prices rallied EUR 1.50 to a two-week high on Wednesday supported by the reduced supply…
Read moreOpec+ agrees to adjust up September output 0.1m bbl/day
(Montel) Oil cartel Opec and its Russia-led allies, so-called Opec+, have agreed to raise September's crude output…
Read moreIndonesia raises August coal price on EU demand
(Montel) Indonesia's energy ministry on Wednesday set its August coal reference price at USD 321.59/t, up 0.8% from…
Read moreGerman power curve extends gains on fuels rally
(Montel) Prices on Germany’s power curve extended gains on Wednesday, although failed to approach the previous day’s…
Read moreRecord low Rhine river levels cloud winter coal outlook
(Montel) Rivers levels on Germany’s main conduit – the Rhine – for transporting coal to power plants have…
Read moreFrance achieves 80% gas storage target ahead of deadline
(Montel) France’s gas storage facilities have reached the EU’s target of 80% capacity three months ahead of…
Read moreGas front month holds above EUR 200 on tight supply
(Montel) Europe’s benchmark TTF gas price hovered above EUR 200/MWh in early trading on Wednesday amid ongoing concerns…
Read moreNordic power futures slide EUR 5 on wet outlook
(Montel) Nordic power futures slid EUR 5 on Wednesday as the latest forecasts indicated wetter and windier weather,…
Read moreNS1 gas turbine ready for transport to Russia – Scholz
(Montel) A gas turbine blamed for curbed flows through the Nord Stream 1 pipeline is in a…
Read moreEDF warns of up to 3.8 GW cuts on cooling issues
(Montel) French utility EDF warned on Wednesday of potential output cuts of up to 3.8 GW at its…
Read moreGerman spot power eyes gains amid hot spell, strong gas
(Montel) German day-ahead power prices looked set to rise on Wednesday amid stronger spot gas prices and…
Read moreDenmark’s Tyra gas field to stay closed until winter 2023/24
(Montel) Denmark’s largest gas field, Tyra, will remain closed for maintenance until winter 2023/24, a delay of around…
Read moreOil prices trade mixed ahead of Opec+ meeting
(Montel) Crude oil prices traded narrowly mixed early on Wednesday when producers from Opec and its Russia-led partners…
Read moreNew levy “last straw” for German gas consumers – analysts
(Montel) A new government levy on gas bills could be the “last straw” for some German consumers,…
Read moreNorway TSO calls on Equinor to keep 150 MW gas plant open
(Montel) Norwegian TSO Statnett has requested that energy company Equinor does not shut down its 150 MW Mongstad…
Read moreHigh prices curb German energy use in H1
(Montel) Germany’s primary energy consumption fell 3.5% year on year in the first half of 2022 to 1,653…
Read moreGermany details plan to wean off Russian gas by 2024
(Montel) Germany has detailed plans to be mostly independent of Russian gas by 2024 by replacing 50-60% of…
Read moreGerman Cal 23 power surges to record high on gas rally
(Montel) German front-year power hit a fresh record high on a contract basis above EUR 400/MWh on Tuesday…
Read moreGas prices extend gains on Russian supply risks
(Montel) European gas prices extended the previous day’s gains on Tuesday amid ongoing Russian supply risks and concerns…
Read moreNordic Q1 power hits fresh high above EUR 300
(Montel) Nordic power futures hit fresh highs on Tuesday – with the Q1 contract hitting EUR 301/MWh –…
Read moreSpanish LNG imports set to increase 30% in August – TSO
(Montel) Spain’s LNG imports should jump 30% year on year to almost 28.4 TWh (2.5bcm) in August,…
Read moreGerman spot power to jump EUR 20 amid hot spell
(Montel) German day-ahead power prices looked set to jump around EUR 19 on Tuesday as a renewed…
Read moreBP’s global gas production up 6% as H1 earnings triple
(Montel) UK oil and gas major BP on Tuesday reported a 6% year-on-year rise in gas production in…
Read moreOil prices continue fall amid poor economic indicators
(Montel) Oil prices continued their fall for a second consecutive session on Tuesday amid a slew of poor…
Read moreSpain to launch 3.3 GW green tender in November
(Montel) Spain plans to launch a green tender for 3,300 MW of renewables capacity on 22 November amid…
Read moreSpain gas consumption rises 12% in July
(Montel) Spanish gas consumption rose 12.2% year on year in July to 31.2 TWh, thanks to record…
Read moreCarbon prices gain amid auction supply reduction
(Montel) European carbon prices rose in Monday trading, buoyed by a sharp reduction in auction volumes this month…
Read moreGerman power futures rise in line with gas market
(Montel) German power futures contracts increased on the back of higher gas prices on Monday and traders…
Read moreEurope’s coal share seen at 5% of mix by 2030 – analyst
(Montel) Coal-fired generation will decline to just 5% of Europe’s energy mix by the end of the decade…
Read moreIberdrola buys 100 MW of solar and wind projects in Poland
(Montel) Spanish utility Iberdrola has reached a preliminary agreement to buy two wind farms and six solar…
Read moreRenewables share of UK power mix slumps to 10-month low
(Montel) Renewable energy sources accounted for just 29% of the UK’s power mix in July – the lowest…
Read moreSpanish spot power to hover above EUR 140/MWh
(Montel) Spanish spot power prices could average above EUR 140/MWh this week, little changed from last week,…
Read moreSpain adds 500 MW renewables capacity in July
(Montel) Spain connected 495 MW of renewable power capacity last month, with 158 MW coming from wind…
Read moreGas prices rise as Russia deepens export cuts to EU
(Montel) European gas prices edged higher early on Monday after Russia further cut gas deliveries to the EU,…
Read moreNordic Sept power extends high on winter supply concerns
(Montel) Nordic front-month contracts hit fresh highs on Monday amid persisting concerns about a winter supply crunch in…
Read moreAmple supply to cap gains in coal prices
(Montel) European coal prices would likely remain under some pressure this week, despite persisting generation demand and gas…
Read moreGazprom gas exports to Europe slump 35% in Jan-Jul
(Montel) Gazprom's gas exports to Europe dived 35% in the first seven months of the year, the Russian…
Read moreSpain’s power generation jumps 18% in July, exports surge
(Montel) Spain’s power generation rose 18.1% year on year in July to 25 TWh, with gas-fired generation…
Read moreGerman spot power to remain above EUR 400 on low wind
(Montel) German day-ahead power prices looked set to ease slightly on Monday but remain above EUR 400/MWh as…
Read moreOil prices fall on weak Chinese economic data
(Montel) Oil prices were falling on Monday amid weak PMI data from China, which weighed on the demand…
Read moreEU gas prices tumble but supply threat remains
(Montel) European gas prices were falling on Friday afternoon amid profit-taking, although concerns that Russia would further cut…
Read moreHot, dry summer will last until Sept in Europe – forecaster
(Montel) The current "historic" hot, dry summer in Europe will persist until September, US-based forecaster Atmospheric G2…
Read moreEUAs brace for volatile August on less auction supply
(Montel) European carbon prices looked set for a volatile August when auction supply will be half the volume…
Read moreFrench power could test EUR 4,000/MWh cap in Q4 – experts
(Montel) French day-ahead power could test a EUR 4,000/MWh ceiling this winter should nuclear power availability –…
Read moreEngie substantially cuts exposure to Russian gas volumes
(Montel) French utility Engie said on Friday it has substantially reduced its exposure to Russian gas volumes amid…
Read moreGermany to see hot, dry spell continue in August
(Montel) Germany looks set to face another four weeks of above normal temperatures, with an ongoing drought predicted…
Read moreEngie posts 5-fold jump in H1 trading earnings
(Montel) French utility Engie posted a five-fold year-on-year jump in earnings before interest and tax (Ebit) at…
Read moreGerman spot power eyes fresh high next week on strong demand
(Montel) German spot power prices looked set to rise next week from current record levels as forecasts…
Read moreSpain’s windfall tax could hamper green investments – lobby
(Montel) Spain’s new windfall tax on energy companies won’t be effective in curbing high power prices and…
Read moreEni’s H1 profit triples, plans Russian gas exit by 2025
(Montel) Italian energy firm Eni’s operating profit has more than tripled in H1 boosted by surging oil and…
Read moreOil prices bounce back on supply tightness
(Montel) Crude oil prices edged higher on Friday morning, putting the Brent crude benchmark on track for a…
Read moreEDP sees H1 loss of EUR 111m in Portugal as drought bites
(Montel) EDP booked EUR 111m in losses in Portugal as hydropower generation in Iberia sunk 55% year on…
Read moreItaly’s Edison buys 66 MW wind power plant from Axpo
(Montel) Italian power company Edison has bought a 66 MW wind farm in the Campania region from Swiss…
Read moreEEX revises 2022, 2023 EUA auction volumes
(Montel) EEX has published a revised 2022 auction calendar for carbon allowances and a new one for…
Read moreItaly fast-tracks 452 MW of wind capacity
(Montel) The Italian government has fast-tracked about 452 MW of wind energy projects in an effort to speed…
Read moreEnel hedges 51% of 2023 Italian output, 12% of 2024
(Montel) Italian utility Enel had hedged 51% of its 2023 domestic power production at an average price of…
Read moreCarbon jumps EUR 3 on technicals, auction curbs
(Montel) European carbon prices jumped EUR 3 on Thursday driven by technical factors as the market geared up…
Read moreRepsol slashes gas use 40% on Russian supply disruption
(Montel) Spanish energy firm Repsol has curbed gas consumption at its industrial sites by 40%, or 1bcm, in…
Read moreEU utilities see erosion of PPA market share
(Montel) European utilities are grappling with a liquidity crunch, spiralling wholesale prices and increased risk that is squeezing…
Read moreEqual access to NSL cable will see one NO2 spot price – Epex
(Montel) It will be possible to achieve one spot price in southern Norway, instead of two currently,…
Read moreSpain unveils details of new EUR 2bn/year windfall tax
(Montel) The Spanish government unveiled plans to parliament on Thursday of a 1.2 % windfall tax on…
Read moreNordic Q4 power extends high on winter supply concerns
(Montel) Nordic front-quarter power reached a fresh high early on Thursday, buoyed by concerns about a winter supply…
Read moreCoal demand to revisit record high in 2022 – IEA
(Montel) Global coal consumption this year will likely match the record achieved nearly a decade ago of 8bn…
Read moreShell’s LNG sales rise as profits surge in H1
(Montel) Shell’s LNG sales in the first half rose 4% on the year, with strong global demand and…
Read moreEDF posts EUR 5.3bn H1 net loss, warns of EUR 24bn hit
(Montel) French utility EDF saw a net loss of EUR 5.3bn in H1, while warning of a…
Read moreTotalEnergies profits, LNG sales climb in first half
(Montel) TotalEnergies’ operating income from its gas, renewables and power unit tripled year on year to EUR…
Read moreGerman spot power to slip EUR 20 on higher wind power output
(Montel) German day-ahead power prices looked set to slip around EUR 20 on Thursday as stronger wind…
Read moreFrance plans to raise Arenh volume for 2024/25
(Montel) France plans to raise the volume of its regulated Arenh rate at which EDF sells nuclear output…
Read moreRepsol’s H1 profit soars 106% as power output doubles
(Montel) Spanish energy firm Repsol saw its H1 net profit soar 106% year on year to EUR 2.5bn,…
Read moreCentrica trading profit jumps in H1 amid volatile market
(Montel) UK utility Centrica’s energy marketing and trading unit posted an adjusted operating profit of GBP 278m in…
Read moreVerbund hedges 42% of 2023 output at EUR 115.50/MWh
(Montel) Austrian utility Verbund had hedged 42% of its planned 2023 hydropower generation at EUR 115.50/MWh by…
Read moreOil prices rise on weaker dollar after big Fed rate hike
(Montel) Crude oil prices rose early on Thursday amid signs of rising demand and a weaker US dollar…
Read moreSpain should triple gas exports to neighbours – Endesa
(Montel) Spain can “easily” replace a lack of Russian gas and should actually look to triple its exports…
Read moreRWE raises 2022 earnings outlook 25% on power price surge
(Montel) RWE has raised its full-year earnings outlook at least 25% as its trading unit and segment for…
Read moreItaly follows Spain with 7% gas consumption cut plan
(Montel) Italy plans to cut gas demand 7% across the next eight months, which was more than 50%…
Read moreRussian coal exports to EU slow ahead of ban
(Montel) Russian coal exports from two of its main western export hubs have declined 13.5% on the year…
Read moreCO2 bucks energy rally trend on recession fears
(Montel) European carbon posted just a small gain on Wednesday, unphased by the recent rally on the power…
Read moreFrench Q4 power hits record high on EU gas turmoil
(Montel) French Q4 power prices surged to a record high above EUR 900/MWh on Wednesday amid fears…
Read moreFrance’s nuclear watchdog approves EDF’s corrosion checks
(Montel) France’s ASN nuclear authority has approved plans by utility EDF to check its nuclear reactors for…
Read moreItaly’s gas storage growth rate in line with 90% target –TSO
(Montel) Italy’s gas storage facilities are filled to over 70% of capacity, in line with the government’s target…
Read moreGerman Cal 23 power marks new record on gas supply turmoil
(Montel) Germany’s benchmark power contract briefly hit a fresh record high on Wednesday amid lingering concerns about a…
Read moreAustria secures 12.3 TWh of gas for storage at EUR 3bn
(Montel) Austria’s AGGM gas market operator has secured 12.3 TWh of gas and storage capacity in a…
Read moreGas prices surge to 5-month high amid Russian cuts
(Montel) European gas futures jumped more than 8% on Wednesday to their highest levels since early March, following…
Read moreIberdrola H1 Spanish profit sinks 26% on “adverse” market
(Montel) Spanish utility Iberdrola’s domestic net profit sank 26% year on year in H1 due to an…
Read moreNordic power hits fresh highs amid soaring gas prices
(Montel) Nordic front futures hit fresh highs on Wednesday amid soaring gas – with the TTF front month…
Read moreUK to end import of EU GOs from 1 April
(Montel) The UK will cease recognising European guarantees of origin certificates (GOs) for use in the country’s Fuel…
Read moreEU port coal stocks rise to near 3-year high
(Montel) Coal inventories at northwest European ports have risen 6% on the week to their highest since October…
Read moreGerman spot power eyes record above EUR 500/MWh on low wind
(Montel) German day-ahead power looked set to jump around EUR 85 on Wednesday to a new record…
Read moreOil edges up as supply constraints counter demand worries
(Montel) Crude oil prices stood a shade higher in range-bound trading early on Wednesday as ongoing supply tightness…
Read moreEquinor’s gas sales rise 7% in H1 amid record profit
(Montel) Norway’s oil and gas major Equinor sold 32bcm natural gas in the first six months of…
Read moreEU must double pace of wind, solar growth by 2026 – Ember
(Montel) Annual wind and solar deployments in the EU will need to double by 2026 to ensure supply…
Read moreGerman nuclear extension would mean capacity curbs – govt
(Montel) Germany would not be able to keep its nuclear power plants in operation until March without having…
Read moreCarbon prices gain ahead of reduced auction supply
(Montel) European carbon prices traded higher on Tuesday afternoon, extending the previous session’s modest gains owing to expectations…
Read moreS Norway needs 60% full hydro stocks to avoid rationing – EQ
(Montel) Hydropower reservoirs in southern Norway must be 60% full at the end of the year to avoid…
Read moreAustria to start filling key gas facility from August
(Montel) Austria will start filling an empty gas storage facility at Haidach – formerly controlled by Russia’s Gazprom…
Read moreGerman power prices jump in line with spiralling gas
(Montel) German power contracts surged on Tuesday in line with spiralling gas prices, which hit a four-month…
Read moreGlobal thermal coal supply may grow 2% in July
(Montel) Global seaborne thermal coal supply could grow by more than 2% on the year in July as…
Read moreUtilities fail to sign up to Germany’s winter coal plan
(Montel) Only one plant operator has agreed to participate in Germany’s scheme to allow back-up coal-fired units to…
Read moreEU agrees 15% gas demand cut as Russian supply dwindles
(Montel) EU countries on Tuesday reached a political agreement on a voluntary reduction of gas demand by 15%…
Read moreNordic power front year climbs on bullish gas, German power
(Montel) Nordic power for delivery next year climbed around EUR 5 early on Tuesday, propped up by…
Read moreGazprom “destroys trust” as reliable supplier – Wintershall
(Montel) State-owned energy giant Gazprom has “destroyed the trust in Russia as a reliable [gas] supplier to Europe”,…
Read moreGerman spot power to jump EUR 73 on lower green output
(Montel) German day-ahead power prices looked set to rise on Tuesday as forecasts pointed to lower renewables generation.…
Read moreOil rises in “tug of war” of supply concerns vs demand fears
(Montel) Oil prices were rising on Tuesday as concerns about supply constraints offset fears about demand prompted by…
Read moreUK TSO pays record high GBP 9,700 for power supply
(Montel) UK TSO National Grid paid a record high GBP 9,724/MWh for power supplies from Belgium in order…
Read moreGazprom to slash NS1 flows 50% from Wednesday
(Montel) Russia’s Gazprom will slash gas exports via the 55bcm/year Nord Stream 1 pipeline from Wednesday by around…
Read moreRWE’s lignite-fired output jumps 13% due to gas crisis
(Montel) Power generation at German utility RWE’s lignite-fired plants jumped 13% year on year in H1 to 24.4…
Read moreCO2 rebounds from 4-mth low ahead of gas talks
(Montel) European carbon prices rose somewhat from near four-month lows on Monday amid a technical rebound ahead of…
Read moreUK gas export plan a boon for Dutch, Germans – analysts
(Montel) A move to increase gas exports from the UK to the Netherlands could help alleviate supply stress…
Read moreFrance opposes EC plan for “uniform” 15% gas demand cut
(Montel) France opposes a “uniform” proposition by the European Commission for a 15% cut in gas demand…
Read moreUS becomes world’s largest LNG exporter in H1 – EIA
(Montel) The US was the world’s largest exporter of LNG in the first half of 2022, outstripping Qatar…
Read moreItaly’s June power demand rises 3% to nearly 28 TWh
(Montel) Power demand in Italy increased nearly 3% year on year to 27.9 TWh in June, despite flagging…
Read moreGermany, Russia offer differing views on NS1 turbine
(Montel) Germany and Russia have provided differing views about the status of a repaired turbine needed for the…
Read moreGalp’s H1 earnings near triple to EUR 1.5bn
(Montel) H1 operating profit for Portuguese energy firm Galp nearly tripled year on year to EUR 1.5bn…
Read moreNordic power jumps EUR 4 on stronger gas, German power
(Montel) Nordic power futures rose on Monday morning, taking a cue from stronger gas and German power prices…
Read moreBuoyant demand to underpin coal prices
(Montel) European coal prices looked set to remain relatively well supported this week amid persisting generation demand and…
Read moreGas prices extend gains on continued NS1 concerns
(Montel) TTF front-month gas continued its rise on Monday amid persistent concerns about Russian flows via its…
Read moreGermany's Mehrum coal plant (690 MW) to return 1 Aug
(Montel) The Mehrum coal-fired power plant (690 MW) in Germany is set to return to the market…
Read moreGerman spot power to firm as solar drop counters more wind
(Montel) German day-ahead power looked set to edge higher on Monday as flagging solar output and steady…
Read moreOil prices drift lower amid concerns of slowing demand
(Montel) Crude oil prices fell in early trading on Monday, pressured by lingering concerns about flagging global demand…
Read moreUniper expects gas cut losses of EUR 6.2bn by 1 October
(Montel) Uniper expects its losses to amount to EUR 6.2bn by 1 October when Germany plans to introduce…
Read moreBelgium, Engie agree to restart Doel, Tihange in Nov 2026
(Montel) Belgium’s government and nuclear operator Engie have reached a preliminary agreement to restart the Doel 4…
Read moreGerman power prices gain on Russian supply threat
(Montel) German curve power climbed higher on Friday, buoyed by a recovery in gas prices due to…
Read moreGermany’s 30% stake in Uniper might be temporary – Scholz
(Montel) Germany’s 30% ownership in utility Uniper is “necessary to stabilise the company” but may be temporary, chancellor…
Read moreGermany agrees bailout deal for 30% Uniper stake
(Montel) Germany will acquire roughly 30% of domestic utility Uniper’s shares for EUR 267m following a deal…
Read moreGas prices rebound on continued supply fears
(Montel) European gas prices rebounded on Friday, more than offsetting losses incurred on Thursday, as the overall market…
Read moreFrench lower house votes to raise Arenh to EUR 49.50/MWh
(Montel) France’s lower house has adopted an amendment to a draft bill raising the Arenh rate at…
Read moreLightsource BP warms to Spanish auctions amid price spikes
(Montel) BP's renewable arm Lightsource is mulling to participate more in Spain’s auctions for solar power capacity…
Read moreLNG prices to remain elevated for next 18 months – analysts
(Montel) LNG prices will remain elevated until the end of next year due to a combination of tightening…
Read moreGerman spot power to dip next week as heat wanes
(Montel) German spot power prices looked set to ease next week as forecasts pointed to higher wind…
Read morePortugal’s Galp takes full ownership of solar firm Titan
(Montel) Portuguese energy firm Galp has taken full ownership of solar company Titan after acquiring a 24.99%…
Read moreVattenfall posts 14% drop in H1 trading earnings
(Montel) Vattenfall posted a 14% year-on-year decrease in underlying first-half operating profit from trading operations to SEK 2.4bn…
Read moreOil prices gain in wake of losses on gasoline demand
(Montel) Crude oil prices were higher early on Friday a day after losses stemming from US data indicating…
Read moreCarbon drops on demand destruction fears
(Montel) European carbon prices fell on Thursday, along with the wider energy complex, amid demand destruction fears.…
Read moreNord Stream turbine has left Germany – Habeck
(Montel) A turbine Russian Gazprom claims is needed to pump gas through the Nord Stream 1 pipeline has…
Read moreFormer minister to head French energy regulator
(Montel) France’s Elysee presidential palace has named Former housing minister and secretary of state for ecology, Emmanuelle Wagron,…
Read moreGermany readies 1.8 GW lignite, ups winter gas storage goal
(Montel) Germany will allow the return of 1.8 GW of lignite-fired power capacity from a reserve scheme from…
Read moreGerman power prices drop as Nord Stream resumes gas flows
(Montel) German power prices dropped on Thursday amid a weaker energy sector after gas resumed flowing through Nord…
Read moreHydro GO prices gain on dry weather
(Montel) Nordic hydropower guarantees of origin traded higher in the week to Thursday amid a continued dry weather…
Read moreSpain to auction 520 MW green capacity in October
(Montel) Spain plans to auction 520 MW of renewable energy capacity on 25 October amid its ongoing…
Read moreNo sign of end to strike at French Blayais 1 reactor – union
(Montel) There was no sign of an end to a strike by power workers at France’s Blayais 1…
Read moreStatkraft plans to increase trading activity
(Montel) Statkraft plans to increase its speculative power trading in the Nordic region and on the continent, the…
Read moreEDF warns of up to 6.2 GW cut from Monday due to heat
(Montel) French utility EDF warned on Thursday of output cuts – that could reach up to 6.2…
Read moreNordic front power falls on weaker gas, German prices
(Montel) Nordic power futures fell on Thursday morning in line with flagging gas prices and lower German power…
Read moreDraghi resignation puts Italy energy reforms at risk
(Montel) Italian prime minister Mario Draghi has submitted his irrevocable resignation on Thursday, forcing early elections and likely…
Read moreGerman spot power eases on higher solar, fading heatwave
(Montel) German day-ahead power prices looked set to drop on Thursday amid stronger solar production and cooler…
Read moreUK govt group urges energy cooperation with EU, Norway
(Montel) The UK should “urgently seek” an agreement with the EU and Norway to manage a possible gas…
Read moreTTF gas drops to 3-week low as NS1 flows resume
(Montel) European gas price fell to around three-week lows in early Thursday trading as <a href="/News/Story.aspx?id=1336999&highlightCsv=">gas flows resumed</a>…
Read moreStatkraft trading unit's profit dives 86% in Q2
(Montel) The trading arm of Norway’s Statkraft posted an underlying operating profit of NOK 140m (EUR 13.8m) in…
Read moreOil prices slide after “bearish” US inventory data
(Montel) Crude oil prices traded a shade down early on Thursday, extending losses in the previous session after…
Read moreNord Stream 1 gas flows resume after maintenance
(Montel) Russian gas exports via the 55bcm/year Nord Stream 1 pipeline system to Germany resumed early on Thursday…
Read moreEC’s aim to cut gas demand 15% not viable – Spain
(Montel) A statement from the European Commission urging cuts to EU gas demand by 45bcm, or 15%, over…
Read moreEU can do without Russian gas this winter – EC
(Montel) The European Commission is confident the EU can cope with a complete cut in Russian gas supplies…
Read moreEC urges 45bcm gas demand cut for EU to survive winter
(Montel) The EU should aim to cut its gas demand by 45bcm over the next eight months to…
Read moreUK gives development consent for Sizewell C nuclear plant
(Montel) The UK has granted development consent for the planned 3.2 GW Sizwell C nuclear power plant on…
Read moreNord Stream 1 to return on Thursday – operator
(Montel) The Nord Stream 1 pipeline, between Russia and Germany, will return as scheduled on Thursday following annual…
Read moreGazprom yet to see documentation for NS1 turbine return
(Montel) Russia’s Gazprom has not received documentation that Canada will return a turbine needed to pump gas through…
Read moreFront gas rebounds 6% on NS1 jitters
(Montel) Front-month European gas prices rebounded on Wednesday amid fears that throughput capacity on the Nord Stream…
Read moreEuropean coal-fired generation to jump 8% this year – IEA
(Montel) European coal-fired electricity generation is set to jump 8% – or 50 TWh – year on year…
Read moreNo alternative to bailout for Uniper – traders
(Montel) The German state has no option other than to bail out utility Uniper in order to…
Read moreGerman spot power eyes 20% jump as renewables dip
(Montel) German day-ahead power prices looked set to gain almost 20%, or EUR 60, on Wednesday as…
Read more6 GW German reserve plants yet to return to market – BNA
(Montel) No coal-fired power plants have yet opted to voluntarily leave Germany’s 6 GW grid reserve and…
Read moreBelgium mulls partial nationalisation of nuclear units
(Montel) The Belgian government is considering to partially nationalise the country’s Doel 4 (1 GW) and Tihange…
Read moreSwedish TSO extends capacity cuts amid reactor outage
(Montel) Swedish TSO Svenska Kraftnat will extend reductions in available transmission capacity planned for Wednesday until Thursday evening,…
Read moreOil prices ease in range-bound trading
(Montel) Crude oil prices edged lower in range-bound trading early on Wednesday, although analysts said global supply remained…
Read moreCO2 drops, gas gains on NS 1 fears
(Montel) European carbon prices fell by around EUR 2 on Tuesday amid mounting concern that the EU is…
Read moreFinland reiterates no more funding for troubled Uniper
(Montel) Fortum, the majority state-owned utility in Finland, has no plans to provide additional funding to struggling German…
Read moreGerman front-week power rises on extended heatwave
(Montel) German front-week power gained EUR 16 on Tuesday amid forecasts showing a current hot spell lasting…
Read moreProtracted NS1 outage would jeopardise storage goals
(Montel) The key Nord Stream 1 gas pipeline is scheduled to resume flows early on Thursday but there…
Read moreGas futures gain on lower flows, force majeure
(Montel) European gas futures rose early on Tuesday, rebounding from losses in the previous session amid flagging flows…
Read moreFrance to launch EDF takeover bid in September
(Montel) The French state will launch a takeover bid in September for the 16% of EDF that it…
Read moreEU coal terminal stocks slip from multi-year highs
(Montel) Coal inventories at northwest European ports have slipped marginally from recent multi-year highs, but remain substantial amid…
Read moreNordic power Q4 rises nearly EUR 6 on supply issues
(Montel) Nordic front-quarter power soared almost EUR 6 on Tuesday, breaching a new record for the contract…
Read moreRussia has no sanctions excuse to keep NS1 shut – Germany
(Montel) Russia will have no excuse to cite sanctions for keeping the Nord Stream 1 pipeline to Germany…
Read moreEnovos signs 69 GWh/year solar PPA with 3 German firms
(Montel) German energy supplier Enovos Energie Deutschland has signed three power purchase agreements (PPA) to deliver 68.7 GWh…
Read moreArise to sell 277 MW Swedish wind farm to UK investment fund
(Montel) Swedish renewables developer Arise will sell the planned 277 MW Kolvallen onshore wind farm in Sweden to…
Read moreEU’s replacement gas supply plans on track – official
(Montel) The EU is on track in sourcing new gas supplies to replace some of its Russian imports,…
Read moreAlgeria set to supply extra 4bcm of gas to Italy
(Montel) Algeria is set to export an additional 4bcm of gas to Italy, making the North African country…
Read moreGerman spot power to plunge EUR 90 on strong wind output
(Montel) German day-ahead power prices looked set to dive nearly 25%, or EUR 90, on Tuesday as…
Read moreOil prices remain elevated on tighter supply expectations
(Montel) Oil prices were off an overnight rally on Tuesday morning but remained elevated – up around 10%…
Read moreUS-based Skylar Capital opens London office to trade gas
(Montel) US-based Skylar Capital is opening a London office to trade European gas due to the “crazy” market…
Read moreFrance to receive revenues of EUR 8.6bn from renewables
(Montel) The French state will receive an estimated EUR 8.6bn in revenues from subsidised renewables for 2022 and…
Read moreGerman government eyes 25-30% stake in Uniper – report
(Montel) The German government may take a 25-30% stake in Uniper in a move to bailout the ailing…
Read moreGas falls despite lingering supply concerns
(Montel) European front-month gas contracts were falling on Monday afternoon, as Norwegian exports rose, despite a heatwave fuelling…
Read moreUniper receives force majeure notice from Gazprom
(Montel) German utility Uniper has received a force majeure notice from Russia’s Gazprom regarding “missing gas volumes” for…
Read moreEC in push to boost Azeri gas flows to Europe
(Montel) Azerbaijan will aim to double its gas flows to the EU to at least 20bcm/year by 2027…
Read moreGermany to review nuclear exit amid gas crisis
(Montel) Germany will in the coming weeks reassess its policy to close its three remaining nuclear power reactors…
Read moreGerman power prices slip as heat set to wane
(Montel) German curve power prices fell on Monday as fears of a prolonged heatwave diminished, though fears…
Read morePrompt coal prices drop as gas softens
(Montel) European coal prices extended last week’s losses on Monday, taking a cue from lower gas prices, yet…
Read moreUniper draws EUR 2bn credit facility amid supply disruption
(Montel) German utility Uniper drew down a EUR 2bn credit facility provided by German state bank KFW amid…
Read moreFrench ASN allows EDF to run Bugey 2 in heatwave
(Montel) French nuclear safety authority ASN has temporarily exempted EDF’s Bugey nuclear power plant from limits governing the…
Read moreGas prices fall amid rising Norwegian flows
(Montel) European gas prices were falling on Monday amid rising exports from Norway, although a heatwave extending across…
Read moreItaly winter gas prices could hit EUR 200/MWh – poll
(Montel) Italian wholesale gas prices could rise to EUR 200/MWh and above over the coming winter, according to…
Read moreEU could cut gas use by 60bcm this winter – draft EC plan
(Montel) The EU could cut its gas use by up to 60bcm/year this winter by preparing for more…
Read moreSpain spot power to trade sideways as heat persists
(Montel) Spanish spot power prices were set to remain elevated at around EUR 130-140/MWh this week, with…
Read moreEurope faces earlier than expected energy crunch – Rystad
(Montel) Europe is heading into an energy crunch “earlier than expected” despite recent moves to curb demand and…
Read moreAchieving 90% gas storage “is still possible” – IEA
(Montel) European gas storage levels could reach 90% this winter amid reduced Russian supplies, although a complete cut-off…
Read moreNordic spot power stays strong while futures liquidity dives
(Montel) Nordic spot power prices were set to remain elevated on Monday amid low wind and hydropower output,…
Read moreGerman spot power to surpass EUR 400 on heatwave
(Montel) German day-ahead power looked set to exceed EUR 400 on Monday, its highest level in more…
Read moreOil prices rise as Biden fails in Opec bid
(Montel) Oil prices were rising on Monday as US president Joe Biden failed to get an agreement with…
Read moreEDF warns of more reactor output cuts amid heatwave
(Montel) French utility EDF warned on Friday of output curbs at its Tricastin (3,660 MW) and St…
Read moreGas "incredibly volatile" on NS1 fears, heatwave
(Montel) European gas contracts tumbled across the curve on Friday amid increase Norwegian flows, though the market was…
Read moreGerman Cal 23 power falls to 1-week low as gas prices drop
(Montel) German power prices fell across the curve on Friday in line with lower gas prices, with the…
Read moreGas prices fall as Norway flows rise but NS1 fears linger
(Montel) European gas prices fell on Friday amid increasing Norwegian flows, though the fear of a Russian…
Read moreHeatwave to put energy supply at risk next week – MetDesk
(Montel) An “intense” heatwave in western and central Europe next week could induce “disruptive restrictions” that affect some…
Read moreNordic power futures hit fresh highs on bullish fundamentals
(Montel) Nordic power futures continued their week-long rise on Friday, hitting fresh record highs with all fundamentals pointing…
Read moreEU urgently needs planned gas demand cuts – regulators
(Montel) The EU urgently needs planned gas demand cuts to help offset possible further disruptions in Russian gas…
Read moreRegulators seek details of gas hub price volatility limits
(Montel) Energy regulators would like to know more about how exchanges manage gas hub price volatility given the…
Read moreEurope LNG discount to TTF gas deepens to fresh record
(Montel) The discount offered for LNG arriving in Europe has deepened to a fresh record of USD 10.58/MMbtu…
Read moreDutch platform aims for EU-wide intraday trade by year-end
(Montel) Dutch energy trading platform ETPA aims to begin pan-European intraday trading by the end of this…
Read moreEUAs firm but remain stuck in narrow range
(Montel) European carbon prices were rising on Friday but confined to a narrow range amid mixed drivers and…
Read moreGerman spot power eyes EUR 63 jump on less wind, solar
(Montel) German spot power prices looked set to jump nearly EUR 63/MWh next week as forecasts on…
Read moreOil prices range-bound on growth concerns
(Montel) Crude oil prices were range-bound early on Friday, as the market weighed a global economic slowdown, potential…
Read moreSpanish parliament backs new windfall tax proposal
(Montel) Spain’s parliament late on Thursday supported a proposal from the Spanish government to set a new windfall…
Read moreFortum warns of worsening economic outlook for Uniper
(Montel) Finnish utility Fortum has warned of a worsening economic outlook for its German subsidiary Uniper in the…
Read moreGovernment turmoil may hamper Italian energy reform
(Montel) Italy’s energy reforms may slow down and future funding from the EU could be undermined should the…
Read moreCarbon inches lower amid narrow range
(Montel) European carbon prices were edging lower on Thursday in a very tight range and amid very limited…
Read moreBritain becomes net power exporter for 1st time – EnAppSys
(Montel) Britain exported 3.6 TWh of electricity to continental Europe during the second quarter, as the country became…
Read moreGerman power price rises on hot spell
(Montel) German power contracts for the coming weeks increased on the back of the heatwave on Thursday,…
Read moreSpanish TSO to assess coal phase-out delay
(Montel) The Spanish energy ministry has asked power TSO Red Electrica to assess if the country could delay…
Read moreGas prices fall but remain elevated on NS1 fears
(Montel) European gas prices were falling on Thursday amid increased supply, though they remained elevated amid concerns about…
Read moreAustria’s OMV books 40 TWh extra gas transport capacity
(Montel) Austrian oil and gas company OMV has booked 40 TWh of additional gas pipeline capacity from October…
Read moreNordic Q4 power nears record high on drier weather outlook
(Montel) Nordic front-quarter power rose on Thursday, reaching just EUR 0.50 shy of the contract high set…
Read moreAsia-Pacific coal prices rise amid buoyant demand
(Montel) Asia-Pacific benchmark coal prices remained strong this week amid buoyant global demand, but lacklustre Chinese demand and…
Read moreGerman gas storage levels stall amid NS1 outage
(Montel) German gas storage levels inched down 0.1 percentage points to 64.5% earlier this week – the first…
Read moreGerman spot power eyes 9% drop on rising wind output
(Montel) German day-ahead power prices looked set to fall around 9% on Thursday as forecasts called for…
Read moreNo Dutch gas shortage if Russian flows stop – TSO
(Montel) The Netherlands will bear the coming winter without receiving gas from Russia, although a cold winter…
Read moreSoaring wholesale power prices see PPA shift – report
(Montel) Soaring wholesale electricity prices and the availability of government subsidies could be prompting developers to eschew power…
Read moreOil trades flat as tight supply clashes with demand weakness
(Montel) Crude oil prices were little changed early on Thursday as near-term supply tightness offset concerns about slowing…
Read moreEDF warns of output cuts at nuclear reactors amid heatwave
(Montel) EDF warned on Wednesday of output curbs at its Golfech (2,620 MW), Blayais (3,640 MW) and…
Read moreFrench TSO wants plants to keep operating despite heat curbs
(Montel) French TSO RTE has asked for permission to continue operations this summer at three nuclear plants that…
Read moreNord Stream 1 restart may face 1-month delay – analysts
(Montel) Maintenance on the Nord Stream 1 pipeline may well persist beyond its scheduled end-date next week but…
Read moreNo sign of turbine return needed for NS1 – Gazprom
(Montel) Russia’s Gazprom has not been officially notified that Canada will return a turbine needed to pump gas…
Read moreENBW rules out return of 1.4 GW old reserve plants
(Montel) German utility ENBW said on Wednesday it will not allow the return of 1.4 GW of…
Read moreEU panel backs 45% renewables goal for 2030
(Montel) The EU’s renewables share goal for 2030 should be raised to 45% from the current 32%, the…
Read moreGerman power futures climb as gas prices extend gains
(Montel) German power futures prices edged higher on Wednesday, taking their cue from buoyant gas prices amid ongoing…
Read moreGerman utilities warn of possible coal supply squeeze
(Montel) German power plant operators this week warned of a coal supply shortage due to low river levels…
Read moreChina’s coal imports fall by a third in June
(Montel) Chinese coal imports declined 33% year on year in June – and 4.5% from the previous month…
Read moreBerlin permits return of 6 GW reserve plants for 9 months
(Montel) A German government decree on Wednesday allows the return of 5.9 GW of reserve coal-fired power plants…
Read moreEDF finds no corrosion at Bugey 3, 4 reactors (1.8 GW)
(Montel) EDF’s Bugey 4 (880 MW) and Bugey 3 (910 MW) nuclear reactors in southeastern France have “no…
Read moreGermany sees 2 floating LNG units online by “turn of year”
(Montel) Germany plans to have two LNG floating storage and regasification units (FSRUs) online in Wilhelmshaven and Brunsbuettel…
Read moreGas prices rise as supply nervousness persists
(Montel) European gas prices rose early on Wednesday, extending this week’s gains amid continued constraints to Norwegian output…
Read moreNordic Q4 power hits fresh high amid winter supply concerns
(Montel) Nordic power futures continued their rise on Wednesday, with Q4 and October hitting record highs, amid rising…
Read moreIEA trims oil demand outlook for 2022 and 2023
(Montel) The International Energy Agency has trimmed its forecast for global oil demand growth in 2022 and 2023,…
Read moreEDF asks to suspend share listing amid nationalisation bid
(Montel) French utility EDF has requested the suspension of the listing of its shares as the government…
Read moreEDF to report on status of all nuclear plants – minister
(Montel) French utility EDF plans to release a report on the maintenance situation at each of its 56…
Read moreUS LNG exports to slide 6% in H2 on Freeport outage – EIA
(Montel) US LNG exports will slide 6% in the second half of the year compared to the first…
Read moreCentrica signs 10-year PPA for 9 MW Swedish solar
(Montel) UK utility Centrica has signed a 10-year power purchase agreement (PPA) to offtake around 9.1 GWh annually…
Read moreGerman spot power to ease on more solar, steady wind
(Montel) German day-ahead power prices looked set to soften on Wednesday as more solar generation combined with…
Read moreOil prices linger below USD 100 amid growth concerns
(Montel) Crude oil prices were little changed early on Wednesday as concerns about economic growth continued to weigh…
Read moreCoal plant restart impact on emissions “negligible” – Ember
(Montel) Europe’s plans to temporarily restart a small number of coal plants would have a “negligible” impact on…
Read moreCoal jumps to 4-month high
(Montel) European coal prices rose to four-month highs in Tuesday trading as ongoing nervousness about supply and aggressive…
Read moreGerman weekly power retreats as heat concerns subside
(Montel) German weekly power contracts retreated on Tuesday, as forecasts showed lower chances of a prolonged heatwave,…
Read moreAustria, Germany plan to fill Gazprom storage facility
(Montel) Austria and Germany will work together to refill the Gazprom-controlled gas storage facility at Haidach, the energy…
Read moreWaning river levels threaten coal supply to German plants
(Montel) Dwindling river levels, at a time of already limited barge availability, are threatening the shipment of coal…
Read moreSpain exceeds underground gas storage goal – Enagas
(Montel) Spanish underground gas storages were meeting their filling schedules and were last seen at 73% of…
Read moreGas prices rise amid lower flows from Russia, Norway
(Montel) European gas prices rose on Tuesday amid lower flows from Russia and Norway due to maintenance and…
Read moreSpain confirms new gas links with Italy, France, Portugal
(Montel) A new strategic plan from Spain’s TSO Enagas anticipated EUR 4.8bn in investments to 2030, confirming nearly…
Read moreOil continues fall as supply disruptions ease, Covid
(Montel) Oil was continuing its fall as supply disruptions eased – with a key Kazakh pipeline allowed to…
Read moreSpot gas prices firm as maintenance begins
(Montel) European spot gas prices were rising in Monday afternoon trading, as a drop in pipeline flows from…
Read moreIce’s cleared coal derivatives slump 45% in June
(Montel) Coal futures and options volumes cleared on UK exchange Ice fell 45% on the year in June,…
Read moreGerman Cal 23 power firms on strong coal, supply concerns
(Montel) Germany power futures rose on Monday, buoyed by robust coal prices and concerns about potential supply…
Read moreBerlin to activate reserve plants "in the coming days"
(Montel) Germany’s government will order grid reserve power plants back into the market “in the coming days”, to…
Read moreSpain minister urges firms to curb Russian LNG imports
(Montel) Spanish gas retailers should seek alternatives to Russian LNG supplies as they added up to a quarter…
Read moreSpain spot power to leap around EUR 20 on heatwave
(Montel) Spanish spot power prices could spike around EUR 20 this week amid higher demand due to…
Read moreSpot gas prices jump amid cut in flows, outages
(Montel) European spot gas prices jumped up to EUR 11 on Monday amid a significant drop in…
Read moreCoal prices extend gains on supply uncertainty
(Montel) European coal prices extended last week’s gains on Monday, with market participants anticipating further increases this week…
Read moreEuropean LNG imports fall 26% last week
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 26% last week to almost 2bcm, while another…
Read moreNordic power Q4 edges up on supply fears
(Montel) The Nordic Q4 power contract gained on Monday amid supply fears ahead of the winter, although traded…
Read moreRussian gas flows to Italy see further cuts on NS1 outage
(Montel) Russia has deepened a cut in gas flows to Italy to 21mcm/day following the beginning of maintenance…
Read moreHelen buys 190 MW Finnish wind power capacity
(Montel) Finnish utility Helen has bought two onshore wind farms in the west of the country totalling 190…
Read moreFortum will not supply additional Uniper funds – minister
(Montel) Finnish energy group Fortum will not provide additional money to its German subsidiary Uniper beyond a previously…
Read moreRussian gas flows to Europe drop 60% as NS1 works begin
(Montel) Russian gas exports to northwestern Europe along three main conduits on Monday were expected to drop 61mcm…
Read moreOil falls as recession fears overshadow supply concerns
(Montel) Oil was continuing its recent fall on Monday as recession fears overshadowed concerns about physical supply.…
Read moreCanada waives sanctions to allow NS1 turbine export
(Montel) The Canadian government has agreed a temporary exemption of Russian sanctions allowing the return of a turbine…
Read moreEnel CEO urges gas price cap, massive renewables growth
(Montel) An EU-wide temporary cap on wholesale gas prices would provide swift relief to consumers in response to…
Read moreGB regulator Ofgem proposes splitting wholesale power market
(Montel) British energy regulator Ofgem late on Friday proposed splitting Britain’s electricity wholesale market into two parts, noting…
Read moreGas slips on easing supply concerns
(Montel) European gas prices softened on Friday amid some easing of supply concerns, despite lingering uncertainty about Russia’s…
Read moreUniper may have to withdraw gas to meet obligations – CEO
(Montel) German utility Uniper may be forced to start withdrawing gas from storage “very soon” to meet its…
Read moreEU regulators want details of long-term gas contracts
(Montel) EU regulators want to know the price index model and end dates of long-term gas supply contracts…
Read moreFortum mulls restructuring of Uniper amid gas crisis
(Montel) Finnish energy group Fortum is in talks with the German government over a potential restructuring of its…
Read moreEU gas prices expected to fall in 2024 – Efet
(Montel) EU gas prices will probably fall in 2024, so the bloc should guard against long-term inflexible responses…
Read moreGas prices fall but NS1 supply concerns spur volatility
(Montel) European gas prices swung within a EUR 20 range in Friday trading, pushed by uncertainty over future…
Read moreGerman power retreats with energy complex losses
(Montel) German power prices declined across the curve on Friday amid a weaker energy complex, market participants said.…
Read moreFrench parliament could block EDF reform – analyst
(Montel) French government plans to reform utility EDF face being blocked in parliament due to bolstered opposition from…
Read moreNorway’s Ormen Lange gas output set to rise by up to 40bcm
(Montel) Norway’s oil and energy ministry has approved a NOK 11.7bn (EUR 1.14bn) plan that could boost gas…
Read moreEUAs torn between recession fears, higher coal burn
(Montel) European carbon prices were falling on Friday but remained range-bound with the market torn between demand destruction…
Read moreAustria launches 12.3 TWh auction for national gas reserve
(Montel) Austria’s gas market operator AGGM will launch a second tender auction to fill the country’s gas reserve…
Read moreNordic winter power contracts at record above EUR 200
(Montel) Nordic power front-quarter contracts rose above EUR 200/MWh for the first time amid growing concerns about tightening…
Read moreGerman upper house approves energy law package
(Montel) Germany’s upper house of parliament on Friday approved an energy law package including new renewables expansion targets,…
Read moreCanada readies sanction exemption for NS1 turbine
(Montel) Germany’s government is in talks with Canada over a possible exemption to sanctions on Russia to allow…
Read moreFinland grants approval for 2 GW of wind capacity
(Montel) The Finnish government has granted state-owned property manager Metsahallitus permission to lease the required sites for two…
Read moreEquinor maintains plan to close gas-fired power plant
(Montel) Equinor will proceed to close its loss-making 150 MW gas-fired power plant at Mongstad Norway by the…
Read moreGerman spot power eyes EUR 50 jump next week on less wind
(Montel) German spot power prices looked set to rise more than EUR 50 next week as forecasts…
Read moreIlmatar secures funding for 132 MW Finnish wind power
(Montel) Finnish renewables developer Ilmatar has secured EUR 135m in funding for four onshore wind farms – totalling…
Read moreBrent crude oil on track for 6% weekly drop
(Montel) Brent crude oil prices were trading a shade down early on Friday, with the benchmark contract on…
Read moreFrance mulls seizure of gas plants to secure supply
(Montel) France plans to take over the running of gas-fired plants to prevent blackouts this winter amid…
Read moreGermany’s Bundestag approves gas bailout plans, plant return
(Montel) Germany’s lower house (Bundestag) late on Thursday approved measures to provide financial support for gas importers and…
Read moreFrance’s Engie to pay more for Algerian gas to ensure supply
(Montel) French utility Engie has reached an agreement with Algerian state energy company Sonatrach to pay a…
Read moreGas extends 4-month high on supply fears
(Montel) European gas prices continued to rise in afternoon trading, while carbon also rose with support from ever…
Read moreGas storage target not possible without NS1 – analysts
(Montel) The continued partial or complete loss of gas deliveries via the Nord Stream 1 pipeline could make…
Read morePermitting backlogs threaten Spain’s green goals – experts
(Montel) Backlogs in the authorisation process to deploy new renewable energy projects could threaten Spain’s climate goals,…
Read moreStrike cuts gas flows from French LNG terminal
(Montel) France’s Elengy will reduce gas emissions from its 10 bcm Montoir LNG terminal until 15 July due…
Read morePoland to auction 13 GW renewable capacity from 2023-27
(Montel) Poland plans to auction 13,200 MW of new renewable power capacity – mostly solar – from 2023…
Read moreGerman front-year power hits fresh record on higher gas
(Montel) Germany’s rolling front-year power contract hit a fresh record above EUR 350/t on Thursday on the back…
Read moreEurope LNG imports to remain constrained in Q3 – analysts
(Montel) European LNG imports over the third quarter are set to hover around June’s year-to-date low, as global…
Read moreHydro GOs for 2023 gain on strong demand, drought
(Montel) European 2023 hydropower guarantees of origin (GO) prices jumped during the week to Thursday, underpinned by strong…
Read moreEurowind plans 2.5 GW Danish solar, wind capacity by 2025
(Montel) Danish renewables developer Eurowind has plans to build 2.5 GW of production capacity from five hybrid parks…
Read moreNordic power prices rise on widening hydrological deficit
(Montel) Nordic power prices traded up on Thursday on the back of a widening hydrological deficit in…
Read moreGerman lower house backs 360 GW wind, solar target in 2030
(Montel) Germany’s Bundestag lower house of parliament on Thursday approved a government plan to triple the nation’s wind…
Read moreGerman spot power to rise 40% on less wind
(Montel) German day-ahead power prices looked set to rise around 40% on Thursday, as wind output is…
Read moreUK govt secures 11 GW of renewable energy via auction
(Montel) The UK has secured a record 11 GW of renewable energy via the latest round of auctions…
Read moreShell, Cez book 7bcm LNG capacity in Eemshaven
(Montel) UK energy giant Shell and Czech power utility Cez have jointly booked 7bcm/year of regasification capacity in…
Read moreBrent crude lingers near 3-month low on recession fears
(Montel) Brent crude oil prices traded near a three-month low early on Thursday amid growing fears of a…
Read moreEDF begins search for new CEO to replace Levy
(Montel) EDF and the French state have started the process of finding a successor to current boss Levy…
Read moreUK’s Drax plant to extend coal-fired units by 6 months
(Montel) UK independent generator Drax will extend the lives of its two remaining 645 MW coal-fired units by…
Read moreAustria, Luxembourg to take EU taxonomy rules to court
(Montel) Austria and Luxembourg will challenge the European Union’s taxonomy rules before the European Court of Justice due…
Read moreGas rebounds amid improved liquidity
(Montel) European gas prices gained ground on Wednesday afternoon amid improved liquidity and despite earlier losses on the…
Read moreFrench PM confirms plan to nationalise EDF
(Montel) France will nationalise EDF to allow the energy company to build new nuclear reactors, Prime Minister Elisabeth…
Read moreItaly buys 5bcm/year LNG regasification unit
(Montel) Italian TSO Snam has bought a second 5bcm/year floating storage and LNG regasification unit from BW LNG…
Read moreMEP attacks “self-harming” EU over nuclear, gas agreement
(Montel) Swedish MEP Emma Wiesner said on Wednesday an agreement by the European Parliament to classify gas and…
Read moreSwedish power demand to double by 2045 – study
(Montel) Sweden’s power demand is set more than double to 330 TWh by 2045 due a sharp growth…
Read moreGerman power prices ease on lower gas
(Montel) German curve power prices dropped on Wednesday amid lower gas prices while the front week rose amid…
Read moreEU ministers plan 26 July meeting on gas crisis
(Montel) The Czech EU presidency has called an urgent meeting of EU energy ministers on 26 July to…
Read moreLNG facing investment challenges despite demand – IGU
(Montel) The war in Ukraine has spurred demand for LNG as Europe seeks alternatives to Russian gas, but…
Read moreMEPs accept gas, nuclear in EU’s green finance taxonomy
(Montel) EU parliamentarians have accepted that natural gas and nuclear projects can be included in the EU’s sustainable…
Read moreNordic power prices fall after Norway halts gas strike
(Montel) Nordic power prices fell on Wednesday as a cancellation of a strike in Norway’s oil and gas…
Read moreEquinor resumes oil, gas field operations as strike ends
(Montel) Norwegian energy group Equinor said on Wednesday it has resumed operations at three oil and gas fields…
Read moreNorway hydropower producers save water ahead of winter
(Montel) Low hydropower reservoir levels and a risk that Germany will not export electricity to Norway amid a…
Read moreEU must prepare for full Russian gas cut – von der Leyen
(Montel) The EU must prepare for more disruptions in Russian gas supply, including a complete cut-off, European Commission…
Read moreGerman spot power to slump as wind output set to double
(Montel) German day-ahead power prices looked set to drop 27% as wind power output was expected to…
Read moreOil prices firm but recession worries remain after 10% drop
(Montel) Oil prices edged higher early on Wednesday, clawing back from a near 10% plunge in the previous…
Read moreNorway government intervenes to end oil, gas strike
(Montel) Norway’s government has intervened to stop a strike that threatened to cut 56% of the country’s gas…
Read moreAuditors urge reform of France’s power market
(Montel) France must review the regulation of its power market which was failing to guarantee stable prices,…
Read moreGas contracts gain amid supply squeeze
(Montel) European gas contracts were rising on Tuesday afternoon, as the conundrum of how to secure enough gas…
Read moreMarket turmoil casts doubt on gas as transition fuel – IEA
(Montel) Turmoil in the global gas markets has cast doubt on gas’s role as a reliable transition fuel,…
Read moreGerman weekly power contract hits 4-month high on heat
(Montek) German power contracts close to delivery rose on the back of predictions of high temperatures in…
Read moreGerman cabinet approves bailouts for gas importers
(Montel) The German government has approved possible rescue measures for gas importers, including a takeover of shares of…
Read moreNuclear more profitable than hydro this year – Vattenfall
(Montel) High spot power prices in southern Sweden mean that nuclear power has been more profitable for Vattenfall…
Read moreNordic power prices rise on fuels rally
(Montel) Nordic power futures were rising on Tuesday on surging fuels prices, which also buoyed benchmark German…
Read moreGas prices continue rise on Norway strike, Russian fears
(Montel) European gas prices continued to rise on Tuesday as a strike in Norway was about to limit…
Read moreFrench ASN lifts surveillance of Flamanville reactors
(Montel) France’s ASN nuclear safety authority has lifted its “enhanced scrutiny” of EDF’s 2.7 GW Flamanville nuclear…
Read moreRenewables cover 49% of German power use in H1 – BDEW
(Montel) Renewable energy sources covered 49% of Germany’s gross power demand in the first half of the year,…
Read moreItaly may see storage deficit without Russian gas – expert
(Montel) Italy may face a shortage of about 4.2bcm in gas storage this quarter should Russia fully halt…
Read moreGerman spot power to slip 4% on rising wind
(Montel) German day-ahead power prices looked set to drop 4% on Tuesday, as forecasts indicated a sharp…
Read moreShutdown of Norwegian oil, gas output begins amid strike
(Montel) Norwegian energy group Equinor said on Tuesday it has started shutting down three oil and gas fields…
Read moreOil prices fall as economic concerns persist
(Montel) Oil prices were falling on Tuesday as economic concerns due to the fallout from the Ukraine…
Read moreNorwegian gas flows set to drop as strike starts
(Montel) Norwegian gas flows to the rest of Europe are set to drop by up to 13% over…
Read moreEU has no plans to block Russian gas imports – ambassador
(Montel) The EU has no plans to block Russian gas imports in response to the war in Ukraine,…
Read moreCarbon weakens but remains range-bound
(Montel) European carbon prices were dropping on Monday, extending the previous session’s losses, but they remained locked within…
Read moreRussia coal ban, strong demand underpin prices
(Montel) European coal prices jumped in Monday trading with the prospect of an imminent ban on Russian imports,…
Read moreHigh power prices will last for years – Vattenfall CEO
(Montel) Europe will likely see extremely high and volatile power prices for several years even if the war…
Read moreGas futures climb to 4-month high on supply fears
(Montel) European gas prices hit a four-month high on Monday morning, as traders continued to discount the likelihood…
Read moreFrance appoints new ecology minister
(Montel) French prime minister Elisabeth Borne has appointed Christophe Bechu as the new ecology minister, the PM’s office…
Read moreNordic front power edges up on stronger German prices
(Montel) Nordic power futures were rising on Monday amid a sharp rise in German power prices, with…
Read moreIndonesia lowers July coal price on cheaper Russian supplies
(Montel) Indonesia's energy ministry on Monday set its July coal reference price at USD 319/t, down 1.5% from…
Read moreGerman spot power to rise 6% on more demand
(Montel) German day-ahead power prices looked set to jump EUR 18 on Monday, as demand looks set to…
Read moreOil prices rise as supply issues offset recession fears
(Montel) Oil prices were rising on Monday as supply side issues outweighed economic fears about a recession and…
Read moreStrike set to hit 13% of Norway’s gas exports this week
(Montel) A planned strike among Norwegian oil and gas workers could hit 13% of the country’s gas exports…
Read moreCO2 slides EUR 5 on profit-taking
(Montel) Europe’s benchmark Dec 22 EUA contract tumbled by EUR 5 in afternoon trading on Friday, amid profit-taking,…
Read moreFrench spot power could jump up to 30% – analysts
(Montel) French spot power prices could jump by up to 30% by year end in the event of…
Read moreFinland installs 784 MW wind power capacity during H1
(Montel) Finland installed 784 MW of new wind power capacity during the first six months of the year,…
Read moreGerman Cal 23 power hits EUR 300 on gas gains
(Montel) German Cal 23 power retreated from an earlier record high of EUR 300/MWh on Friday as…
Read moreTTF front month rises to 9-month high
(Montel) Europe’s benchmark gas price hit a nine-month high early on Friday amid ongoing concerns about potential supply…
Read moreSwedish power demand to rise 4% by 2025 – agency
(Montel) Sweden’s annual power consumption is set to rise 4% from 2020 levels to 144.3 TWh in 2025,…
Read moreHot July set to see curbs on German coal shipping
(Montel) Forecasts of hot weather from mid-July could see a coal shipping ban on Germany’s Rhine due to…
Read moreSpain gas consumption drops 6% in June
(Montel) Spanish gas consumption dropped 6.4% year on year in June to 29.2 TWh despite a record…
Read moreEUAs fall amid limited liquidity
(Montel) European carbon prices were falling on Friday but were set to trade sideways within their recent EUR…
Read moreGazprom gas exports to Europe fall 31% in H1
(Montel) Gazprom's gas exports to Europe dived 31% in the first six months of the year, the Russian…
Read moreNordic power curve rises on drier outlook, stronger gas
(Montel) Nordic power futures traded up on Friday amid a bullish, drier four-week weather outlook and stronger…
Read moreSpain connects 2.9 GW renewables capacity in January-June
(Montel) Spain added 2,883 MW of renewable power capacity in the first six months of the year,…
Read moreGerman spot power eyes EUR 20 drop next week on more wind
(Montel) German spot power prices looked set to shed around EUR 20 next week as forecasts on…
Read moreEU parliament, ministers to clash over free CBAM allowances
(Montel) The European Parliament and EU ministers are set to clash over how quickly to phase out free…
Read moreEU ministers want stronger carbon price control mechanism
(Montel) EU ministers want a stronger carbon price control mechanism to tackle excessive rises, according to the EU…
Read moreCrude prices fall on economic unease
(Montel) Crude oil was lower early on Friday on demand pessimism amid uneasiness about growing risks of a…
Read moreItaly to lend state firm GSE EUR 4bn to fill gas stocks
(Montel) Italy has agreed to lend state-owned energy services company GSE up to EUR 4bn to buy natural…
Read moreEU feels prepared for disrupted gas supplies – officials
(Montel) The EU is prepared for disrupted gas supplies this winter as relations with Russia deteriorate over the…
Read moreGas, coal rise on supply fears
(Montel) European gas and coal prices rose sharply on Thursday amid supply fears for the coming winter, while…
Read moreEC to promote storage to reduce peak power prices
(Montel) The European Commission is working on ways to promote energy storage to help reduce peak power prices,…
Read moreGerman power rises to new highs amid gas delivery fears
(Montel) German power curve contracts rose to new contract highs on Thursday, as the fear of a…
Read moreOpec+ confirms 0.648m bbl/day supply boost for August
(Montel) Opec and its Russia-led allies have confirmed they intend to boost oil supply in August by 0.648m…
Read moreUkraine war behind tight biomass market – Orsted
(Montel) The war in Ukraine has tightened the market for biomass in northwestern Europe, forcing energy companies such…
Read moreFrance “blocks” 7 GW of renewables despite supply fears
(Montel) France is blocking the connection of 7 GW of renewables to its grid for political reasons amid…
Read moreBarge shortage may hamper EU coal plant supply
(Montel) An insufficient number of barges, in part due to strong vessel utilisation for the export of Ukrainian…
Read moreNordic hydro GOs jump amid renewed buying interest
(Montel) Guarantees of origin (GO) prices from Nordic hydropower jumped during the week to Thursday as buying interest…
Read moreGerman gas use drops 6% in Jan-May amid high prices – BDEW
(Montel) Germany’s gas consumption dropped 6.4% year on year in January-May, when adjusted for temperatures, amid high…
Read moreNordic power futures plunge EUR 8 from record highs
(Montel) Nordic power futures plunged more than EUR 8 on Thursday from yesterday’s record highs amid a sell-off…
Read moreSpain power generation jumps 17% in June amid higher exports
(Montel) Spain’s power generation rose 17.2% year on year in June to 22 TWh, with gas-fired generation…
Read moreStrong demand underpins Asia-Pacific coal prices
(Montel) Asia-Pacific benchmark coal prices remain buoyant as demand continues to outstrip available supply and amid some concerns…
Read moreGerman spot power to dive EUR 12 on rising wind, low demand
(Montel) German day-ahead power prices looked set to lose nearly EUR 12 on Thursday, as wind output…
Read moreUniper eyes “significantly” lower earnings on Russia gas cut
(Montel) German utility Uniper has warned of “significantly” lower earnings for first-half 2022 and cancelled its outlook for…
Read moreOil prices drift sideways ahead of Opec+ meeting
(Montel) Oil prices were little changed in early trading on Thursday, ahead of an Opec-led meeting of producers…
Read morePolicy optimism, robust coal burn boost CO2 prices
(Montel) European carbon prices climbed for the third straight session on Wednesday, underpinned by a general optimism on…
Read moreFinland plans nuclear, hydrogen and green boost – minister
(Montel) Finland is planning to promote investment in nuclear energy, along with embracing hydrogen and boosting renewables output…
Read moreGerman Cal 23 power hits new high as supply fears persist
(Montel) German power futures prices rose to fresh records on Wednesday amid ongoing concerns of a winter supply…
Read moreGermany to boost heat pumps in drive to replace gas
(Montel) Germany aims to more than triple heat pump installations from 2024 to replace gas-fired heaters amid a…
Read moreFrench Q4 power surges to 11-year high on supply concerns
(Montel) French Q4 power prices surged to an 11-year high on Wednesday amid continuing concerns over security…
Read moreSpain starts sending gas to Morocco via GME pipeline
(Montel) Spain has started sending natural gas to Morocco through the GME pipeline, with 20 GWh expected on…
Read moreEU ETS draft deal contains “major flaws” – lobby groups
(Montel) A draft deal reached by EU ministers on EU ETS reforms early this morning contained “major flaws”…
Read moreGermany awards 0.7 GW of solar capacity at EUR 55.10
(Montel) Germany awarded 696 MW of ground-mounted solar capacity in its latest tender at an average strike…
Read moreNBP-TTF discount to continue on robust supply
(Montel) A significant discount in UK gas prices, relative to the rest of Europe, could deepen this summer…
Read moreUK shows “little progress” on net-zero aims – advisory body
(Montel) The UK government is failing to provide a clear, long-term strategy for how the country will exit…
Read moreGas prices rise amid ongoing supply jitters
(Montel) European gas prices rose in early Wednesday trading amid continued jitters over supply, despite some plateauing of…
Read moreNordic Q4 power jumps EUR 14 to record high on dry spell
(Montel) Nordic Q4 power jumped EUR 14 on Wednesday to hit a fresh record high, buoyed by drier…
Read moreGerman spot power to hold above EUR 300/MWh amid low wind
(Montel) German day-ahead power prices looked set to remain above EUR 300/MWh on Wednesday as forecasts indicated…
Read moreEU ministers reach draft accord on carbon market reforms
(Montel) EU ministers agreed their negotiating position on EU ETS reforms for industry and power sectors in the…
Read moreOil prices rise amid concerns of tightening supply
(Montel) Oil prices climbed around 2% in early trading on Wednesday amid market concerns about tightening supply, while…
Read moreRWE could contribute 900 MW to German coal reserve
(Montel) RWE could contribute 900 MW of lignite units to the government’s planned 10.4 GW coal reserve this…
Read moreFrench protests have “no impact” on gas storage, LNG
(Montel) Gas storage and LNG activities in France were uninterrupted on Tuesday despite protests at some sites…
Read moreSwelling coal inventories pressure prices
(Montel) European coal prices declined sharply on Tuesday, as burgeoning inventory levels offset concerns of growing generation demand…
Read moreSpain price cap forces 2 GW of CHP plants to stop – lobby
(Montel) Around 2,000 MW of combined heat and power (CHP) capacity in Spain has ceased production in the…
Read moreEstonia, Finland start planning third Estlink cable (1 GW)
(Montel) Estonian TSO Elering and its Finnish counterpart Fingrid have signed a letter of intent to start planning…
Read moreG7 vows to counter energy supply risks amid Ukraine war
(Montel) Leaders of the group of seven economic powers (G7) said they were committed to counter the impacts…
Read moreEU set to start trading power with Ukraine
(Montel) The EU will start commercial power trading with Ukraine on 30 June via the interconnection with Romania,…
Read moreGas prices ease on TurkStream return
(Montel) European gas prices fell on Tuesday as concerns over possible further Russian gas cuts eased after flows…
Read moreDecoupling UK power prices from gas “years away” – analyst
(Montel) Decoupling UK electricity prices from natural gas would be “years away” due to the dominance of gas…
Read moreNordic power futures rise on drier weather outlook
(Montel) Nordic power front contracts rebounded on Tuesday, as weather forecasts turned a touch drier.…
Read moreTHE starts filling Bavarian gas storage site
(Montel) German gas market operator THE has started injecting gas into the Wolfersberg storage site in Bavaria,…
Read moreGerman spot power eyes EUR 14 drop on higher wind
(Montel) German day-ahead power prices looked set to slide almost EUR 14 on Tuesday, as forecasts indicated a…
Read moreEurope’s coal terminal stocks rise to highest since 2019
(Montel) Coal inventories at northwest European ports have risen to their highest since November 2019 as vessel arrivals…
Read moreAxpo to build 250 MW wind capacity in Romania
(Montel) Swiss utility Axpo is planning to construct two onshore wind farms with a total capacity of 250…
Read moreEC to present EU crisis gas demand cut plan in July
(Montel) The European Commission will present a coordinated EU gas demand reduction plan in July to help prepare…
Read moreEquinor, SSE Thermal plan hydrogen output from UK plant
(Montel) Norwegian utility Equinor and the UK’s SSE Thermal are planning to produce hydrogen from the 1.2 GW…
Read moreStatkraft to double power output to 100 TWh by 2030
(Montel) Norwegian power producer Statkraft plans to double its annual output to 100 TWh by 2030 with an…
Read moreRepsol signs 34 MW wind power PPA with Kraft Heinz
(Montel) Spanish energy firm Repsol has signed a 12-year power purchase agreement (PPA) involving 34.2 MW of…
Read moreOil prices rise as G7 looks to sanction Russian imports
(Montel) Oil prices were rising on Tuesday sparked by renewed supply fears as the G7 group of nations…
Read moreRussia may stop gas supplies to Germany in August – BDEW
(Montel) Russia’s Gazprom will likely stop gas deliveries to Germany via the Nord Stream 1 pipeline in August…
Read moreMinisters support EU 40% renewables target for 2030
(Montel) EU ministers have backed a 40% renewable energy share target for 2030 in a negotiating position adopted…
Read moreCarbon rises amid coal reserve plans
(Montel) European carbon prices rose on Monday with participants expecting coal to replace gas over the coming months,…
Read moreGerman forward power prices rise on supply squeeze fears
(Montel) German power forwards were continuing their rise on Monday amid ongoing fears of a supply squeeze after…
Read moreEU ministers set to back EC’s key ETS reforms
(Montel) Ministers look set to back key elements of the European Commission’s ETS reforms unchanged at an EU…
Read moreFrench union urges blockade of gas stores and LNG terminals
(Montel) France’s biggest energy union is urging gas workers to block the country’s gas storage sites and…
Read moreSpain spot power to ease on more renewables
(Montel) Spanish spot power prices looked poised to drop this week amid higher renewable output and stable…
Read moreEC, US seek ways to cut Russia’s energy revenues
(Montel) The European Commission and the US are working together to find ways to reduce Russia’s energy revenues…
Read moreGas supply concerns continue to bolster July TTF
(Montel) <span style="font-family: Arial, sans-serif;">European front-month gas contracts traded mixed on Monday morning, with ongoing supply concerns bolstering…
Read moreEuropean LNG imports jump 33%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, jumped 33% last week to more than 2.4bcm, while…
Read moreNordic power futures fall amid mixed signals, low liquidity
(Montel) Nordic power futures fell on Monday on the back of slightly wetter weather, mixed fuels and German…
Read more1 GW offshore wind farm in Denmark set to start in 2028
(Montel) A new 0.8-1.2 GW offshore wind farm near Hesselo in eastern Denmark will likely start production in…
Read moreFilling EU gas storage to become compulsory – ministers
(Montel) Filling gas storage is set to become compulsory for the first time after EU energy ministers gave…
Read moreWartsila, SSE to add 100 MWh battery storage in UK
(Montel) Finnish energy technology group Wartsila will partner with UK developer SSE to deliver a 100 MWh battery…
Read moreGerman spot power to rise EUR 12 on muted wind output
(Montel) German day-ahead power prices looked set to rise EUR 12 on Monday, as wind generation levels should…
Read moreFrance to reopen coal-fired unit this winter – ministry
(Montel) France plans to reopen its 595 MW Emile Huchet 6 coal-fired power unit this winter to…
Read moreOil trades flat on slight easing of recession fears
(Montel) Oil was trading flat on Monday amid a slight easing of recession fears amid better indications regarding…
Read moreGBP 15bn UK investments in jeopardy over tax plan – RWE
(Montel) German utility RWE has warned the government that GBP 15bn of investment in renewable energy is in…
Read moreDenmark agrees big green power capacity boost by 2030
(Montel) A majority of Danish MPs has agreed on measures to significantly boost renewables production by 2030, while…
Read moreSpain extends emergency energy measures to year end
(Montel) The Spanish government will extend its emergency measures to tackle the current energy crisis to year end,…
Read moreEU to debate Russia gas price cap, energy reforms – Draghi
(Montel) The European Council will discuss an EU-wide price cap on gas imports from Russia, as well as…
Read moreCoal drops 4% on profit-taking as gas softens
(Montel) European coal prices slipped over 4% in line with weakening gas prices on Friday amid profit-taking from…
Read moreGerman power Cal 23 subsides on coal, gas weakness
(Montel) The German power Cal 23 contract extended its recent record high early on Friday but then lost…
Read moreEuropean 2021 power trading volumes drop 12% – Prospex
(Montel) Power trading volumes in Europe’s biggest markets fell 12% to 8,285 TWh last year and have continued…
Read moreGermany to consider re-purposing Nord Stream 2 – report
(Montel) Germany’s economy ministry is examining the potential to re-purpose part of the country’s defunct Nord Stream…
Read moreDenmark to introduce additional EUR 50/t carbon fee
(Montel) Danish companies subject to the EU ETS will pay an additional DKK 375/t (EUR 50/t) CO2 fee…
Read moreEUAs set to trade in EUR 80-90/t range
(Montel) European carbon prices looked set to remain within a EUR 80-90/t range next week, with the key…
Read moreTTF gas front month retreats from 1-week high
(Montel) European gas prices dropped on Friday, with the benchmark TTF contract retreating from a one-week high reached…
Read moreEEX offer to use EUAs for risk cover is well received – CEO
(Montel) EEX's offer to use additional CO2 allowances to cover margin costs is being well received by the…
Read moreNordic power curve edges down amid low liquidity
(Montel) Nordic power futures are edging down on Friday in a market short on liquidity and new fundamental…
Read moreGerman spot power to gain next week on low wind, high gas
(Montel) German spot power prices looked set to gain over EUR 10 next week as forecasts showed…
Read moreFrance vows to fully refill gas storage for the winter
(Montel) France plans to completely refill its gas stocks before winter to secure supply during the heating…
Read moreOil prices edge up as tight supply offsets growth worries
(Montel) Oil prices were trading a shade higher early on Friday as signs of supply tightness in the…
Read moreNorway to boost EU gas exports 9% this year
(Montel) Norwegian gas exports to the EU could rise by around 100 TWh, or 9%, from 2021 to…
Read moreGreen hydrogen more competitive as gas surges – Eon
(Montel) Green hydrogen is increasingly competitive in certain applications as booming gas prices have dulled the economic outlook…
Read moreCoal jumps to 15-week high on more demand
(Montel) European coal prices jumped along the curve on Thursday to 15-week highs in anticipation of increased demand…
Read moreEU mandatory 80% gas stock filling rules gain key approval
(Montel) The European Parliament approved rules requiring EU gas storage facilities to be at least 80% full on…
Read moreGerman Cal 23 power hits record as gas crisis level raised
(Montel) The German Cal 23 power contract hit a fresh record high on Thursday amid a jittery market…
Read moreGas curves soars on German alert, outage
(Montel) European gas curve contracts shot up on Thursday as Germany increased its gas supply warning to “alert”…
Read moreNewcastle coal dips below European prices
(Montel) The Pacific basin’s leading thermal coal index has returned to a rare discount to its European…
Read moreRisk of full Russian gas cut more real than ever – EC
(Montel) The risk of a full cut in Russian gas supplies to the EU is more real than…
Read moreNordic power hits fresh record highs on gas rally
(Montel) Nordic power futures hit fresh record highs in Thursday trading, climbing for the third day in…
Read moreGermany set to miss gas storage goal on Russia cuts – BNA
(Montel) Germany looks set to miss its winter gas storage targets if Russia continues to cut gas flows…
Read moreEU gas prices to stay above EUR 60 until 2025 – lead trader
(Montel) European gas prices are likely to remain above EUR 60/MWh until 2025, as buyers grapple to…
Read moreGermany raises gas crisis level to "alert"
(Montel) Germany has raised the gas crisis level to "alert", as lower flows from Russia endanger the country’s…
Read moreGerman spot power to dip on rising wind, nuclear output
(Montel) German day-ahead power prices looked set to ease amid an expected doubling of wind production and…
Read moreOil prices continue fall on growing recession fears
(Montel) Oil prices continued this week’s fall on Thursday – slumping to their lowest level in more than…
Read moreWar has changed European gas market “forever” – Equinor
(Montel) The European gas market “is changed forever” amid the war in Ukraine, while it would remain stretched…
Read moreItaly agrees state-backed loans to boost gas storage
(Montel) The Italian cabinet has approved state-backed loans for gas storage companies to provide them with liquidity in…
Read moreGerman budget committee approves EUR 15bn for gas purchases
(Montel) The German government’s budget committee has approved a recently agreed EUR 15bn credit line for gas market…
Read moreCO2 drops EUR 2 following EU vote
(Montel) European carbon prices fell by more than EUR 2/t on Wednesday amid profit-taking and after the European…
Read moreEurope seen missing gas storage target absent NS1, Freeport
(Montel) Europe will struggle to fill its gas reserves to 80% of capacity by 1 November if…
Read moreEuropean Parliament agrees position on EU ETS reforms
(Montel) The European Parliament adopted its negotiating position on EU ETS reforms at the second attempt on Wednesday,…
Read moreGerman Cal 23 power climbs EUR 10 amid buoyant gas, coal
(Montel) German power curve prices gained at least EUR 10 on Wednesday amid buoyant gas and coal…
Read moreAsian LNG prices jump 10% as competition ramps up
(Montel) Asian LNG prompt prices jumped nearly 10% overnight as buyers vied with Europe for spot cargoes.…
Read moreEnergy markets will adapt to new trade flows – Axpo
(Montel) Scarcity of supply and the Russian war in Ukraine has triggered a global shift in energy commodity…
Read moreSteag builds coal stocks early to brace for winter squeeze
(Montel) German utility Steag has started to build up its coal reserves as the country prepares for a…
Read moreCoal market overreacting to plant extension plans – analyst
(Montel) A 20% surge in European coal prices over the past week may be an overreaction to plans…
Read moreFrench Q4 power soars to record high on gas
(Montel) French power prices for Q4 soared to an all-time high on Wednesday, as gas prices surged on…
Read moreGerman parliament to discuss coal return on Friday
(Montel) Germany’s Bundestag on Friday plans to discuss plans to return coal-fired power plants temporarily to the…
Read moreTTF edges higher as Norwegian gas flows fall again
(Montel) European gas prices edged higher on Wednesday morning as a deepening contraction in Norwegian gas flows…
Read moreItaly ready to add 85 GW by 2030 to meet EU plan – lobby
(Montel) Italy is ready to comply with the EU’s REPowerEU plan and add 85 GW of new renewable…
Read moreNordic power futures hit highs on fuels gain, hydro deficit
(Montel) Nordic power futures hit new highs on Wednesday amid a fuels rally and hydrological deficit.…
Read moreEurope’s coal terminal stocks swell to 2.5-year high
(Montel) Coal inventories at northwest European ports have risen to their highest since January 2020 as the last…
Read morePower price rise boosts short-term PPAs – Centrica
(Montel) European power producers are more willing to sign short-term power purchase agreements (PPAs) to take advantage of…
Read moreGerman spot power retreats from 3-month high on rising wind
(Montel) German day-ahead power prices looked set on Wednesday to fall back from their highest levels since…
Read moreOil prices slump to 1-month low on economic growth concerns
(Montel) Oil prices shed more than 4% to their lowest levels in a month in early trading on…
Read moreGermany may raise gas crisis level within days – report
(Montel) Germany might raise its gas crisis level within 5-10 days as Russian gas flows via the Nord…
Read moreEU can be decarbonised by 2035 – Ember
(Montel) Europe can achieve an almost fully decarbonised power system by 2035 at no extra cost above current…
Read moreGazprom cuts gas supplies to Italy for eighth day – Eni
(Montel) Russia’s Gazprom will deliver less gas than what was requested by Eni on Wednesday for the eighth…
Read moreItaly’s May power demand rises 6% to nearly 26 TWh
(Montel) Power demand in Italy rose 6% year on year to 25.7 TWh in May despite a 3%…
Read moreGerman spot gas market will stay open in emergency
(Montel) The German spot gas market will remain open if Germany encounters a winter gas shortage and…
Read moreHigher coal use, pending reforms boost CO2
(Montel) European carbon prices were climbing on Tuesday underpinned by expectations of higher use of more-polluting coal to…
Read moreDenmark expects full gas storage by October
(Montel) Denmark expects to have filled its 10 TWh natural gas storage capacity by September/October, which should be…
Read moreGerman coal return may cut 100 TWh 2023 gas demand – study
(Montel) Germany’s plan to return 10.4 GW of coal- and oil-fired power plants to the market could save…
Read moreScholz vows to slash planning times by year-end
(Montel) Germany will radically curb planning times for new infrastructure such as clean energy, chancellor Olaf Scholz…
Read moreCoal surges 6% to 3-month high on gas, possible demand rise
(Montel) European coal prices surged over USD 20 to new three-month highs on Tuesday, as buoyant gas markets…
Read moreJuly LNG imports to offset lower Russian supply – Refinitiv
(Montel) European LNG imports next month are set to edge down from current highs but supply will still…
Read moreNorth Africa could add 20-25bcm of gas supply to EU
(Montel) North African nations could contribute 20-25bcm of additional gas supply to the EU to help the bloc…
Read moreNordic Q3 power hits fresh highs on fuels rally
(Montel) The Nordic Q3 power contract hit a record high on Tuesday triggered by higher fuel prices, drier…
Read moreGas gains amid maintenance, low wind
(Montel) European gas prices climbed roughly 5% on Tuesday morning amid work on Norwegian infrastructure, low wind…
Read moreENBW signs 20-year LNG supply deal with Venture Global
(Montel) German utility ENBW has signed a 20-year LNG supply contract with US-based Venture Global for 1.5m…
Read moreColombian coal exports to Europe surge on Russian exodus
(Montel) Colombian thermal coal exports to Europe more than doubled last month to 2.3m tonnes as European buyers…
Read moreAustralian state to slap windfall tax on coal profits
(Montel) Australia’s coal-rich state of Queensland will impose progressive windfall taxes on coal profits, amid soaring prices, the…
Read moreItaly would have enough winter gas without Russia – Eni CEO
(Montel) Italy would have enough gas for next winter even if Russian flows were to come to a…
Read moreGerman spot power to breach EUR 300 as wind wanes
(Montel) German day-ahead power prices looked set on Tuesday to extend their highest level since March as…
Read moreOil prices edge higher on China demand
(Montel) Oil prices firmed in early trading on Tuesday as signs of rising demand in China offset some…
Read moreDenmark issues "early warning" over gas supply
(Montel) Denmark’s energy agency has issued an “early warning” of potential gas supply disruptions amid reduced flows from…
Read moreEnd of free carbon permits key to greening steel – Sandbag
(Montel) A swifter end to free allowances distributed to industries in Europe’s carbon market is crucial for…
Read moreDutch scrap coal plant cap to save gas burn
(Montel) The Dutch government has activated an emergency plan to conserve gas that includes scrapping a production cap…
Read moreMargin woes to persist if energy prices stay high – Uniper
(Montel) High margining costs would continue to curb liquidity in power and gas markets if wholesale prices remained…
Read moreGetting LNG is bigger challenge than terminals – Uniper CEO
(Montel) Germany should reach its goal to quickly bring LNG import capacity online but will struggle to get…
Read moreFull NS1 flows need returned turbines to resume – Russia
(Montel) Russia is prepared to resume full flows on the Nord Stream 1 gas link with Germany once…
Read moreSweden’s Bixia hires head of financial power trade
(Montel) Swedish portfolio manager Bixia has hired Magnus Reitersjo as deputy CEO and head of financial power trade…
Read moreSpain spot power to drop on lower demand
(Montel) Spanish spot power prices looked poised to drop this week amid lower demand and a gas…
Read moreRussia coal exports to Europe slide 28% in June
(Montel) Russia’s coal exports to European destinations, from the county’s main western ports, so far this month have…
Read moreUniper gets less than 50% of Russian gas volumes – CEO
(Montel) German power producer Uniper, one of Germany’s largest importers of Russian gas, is receiving less than 50%…
Read moreGerman power retreats on Berlin’s emergency gas plans
(Montel) Benchmark German power prices retreated around 4% on Monday as Berlin unveiled plans to expedite the…
Read moreRWE and Commerzbank plan offshore wind farm, eye PPAs
(Montel) German energy firm RWE and Commerzbank want to build a 1 GW offshore wind farm in Germany,…
Read moreGas prices climb as Nord Stream restrictions continue
(Montel) European gas contracts started the week in a bullish mode on Monday, as capacity restrictions on…
Read moreCoal prices jump amid rising EU demand
(Montel) European coal futures surged to three-month highs on Monday – as physical prices hit new highs –…
Read moreVattenfall buys majority stake in 2.8 GW offshore wind
(Montel) Vattenfall will buy the majority share in two offshore wind projects off Sweden’s west coast from Norwegian…
Read moreEuropean LNG imports fall to fresh low amid outages
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, dropped last week for the first time this year…
Read moreNordic power futures rise on dry weather, strong spot
(Montel) Nordic front power futures climbed on Monday amid buoyant spot prices and a relatively dry weather outlook…
Read moreOil prices flat amid supply disruptions, demand concerns
(Montel) Crude oil was flat early on Monday amid unease about supply disruptions, on continuing cuts in…
Read moreAustralia’s Newcastle coal exports rise 7% in May
(Montel) Coal exports from the world’s largest coal export hub, Newcastle in Australia, grew almost 7% in May…
Read moreGerman spot power reaches 3-month high
(Montel) German day-ahead power prices looked set to hit their highest level since mid-March on Monday as…
Read moreEni joins Qatar LNG project amid curbed Russian flows
(Montel) Italian energy company Eni has joined the world’s largest LNG project, in Qatar, as Russian gas deliveries…
Read moreRussian gas flows remain steady on Monday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to come in around…
Read moreGermany eyes coal unit return as soon as possible – Habeck
(Montel) Berlin aims to use a new 10.4 GW reserve – including lignite, hard coal and oil –…
Read moreBerlin earmarks EUR 15bn for additional gas deals – sources
(Montel) German gas market operator Trading Hub Europe (THE) can draw on a EUR 15bn credit line until…
Read moreGermany unveils plan to aid energy traders amid price crisis
(Montel) The German government will offer a financing instrument to help energy market traders absorb increasingly high margin…
Read moreProfit of selling US LNG to Europe doubles in week
(Montel) The profitability of selling US LNG to Europe versus Asia has doubled over the past week as…
Read moreGerman Cal 23 power resumes upward trend with gas
(Montel) Germany’s benchmark power contract rose on Friday, taking a cue from a buoyant gas market amid reduced…
Read moreRussian gas flows to France at zero – TSO
(Montel) Russian pipeline gas flows into France have come to a complete stop since Wednesday, French TSO GRTgaz…
Read moreSpanish gas-fired power hits fresh high amid heatwave
(Montel) Spain’s gas-fired power plants generated 397 GWh on Thursday, the highest level on record, amid scorching temperatures…
Read moreEUAs resist macro gloom as key vote nears
(Montel) European carbon prices were trading 1% higher on the week on Friday as expectations European Parliamentarians…
Read more95% of European corporate PPAs failing – Statkraft
(Montel) As many as 95% of European corporate power purchase agreements (CPPAs) break down before being signed, even…
Read moreTTF prices rise amid reduced Russian flows
(Montel) Europe’s benchmark TTF gas prices rose on Friday – albeit not as high as the previous…
Read moreNordic front-year power surges to record high on gas rally
(Montel) The Nordic front-year power contract surged to a record high on Friday as this week’s gas…
Read moreOlkiluoto 3 delay to boost Nordic Q3, Q4 prices – analyst
(Montel) The delayed launch of the 1.6 GW Olkiluoto 3 nuclear reactor in Finland could boost Nordic spot…
Read moreGazprom to deliver half Italy's requested gas volumes
(Montel) Russia’s Gazprom will deliver only half of the gas volumes Eni requested for Friday, a spokesperson for…
Read moreEquinor-led group plans 1 GW floating offshore wind farm
(Montel) Equinor and its partners Petoro, TotalEnergies, Shell and ConocoPhillips are considering building a 1 GW floating offshore…
Read moreOil falls on growing fears of economic downturn
(Montel) Oil prices were falling on Friday as central banks in the US, UK and Switzerland raised interest…
Read moreGermany urges energy rationing on Russian crisis
(Montel) Germany has called on its population to conserve energy after Russia continued to cut flows through the…
Read moreEnel sells stake in Russian unit for EUR 137m
(Montel) Italian utility Enel has sold its entire 56.4% stake in its Russian unit Enel Russia in separate…
Read moreGazprom to cut gas supplies to Italy for 3rd day – Eni
(Montel) Russia’s Gazprom will deliver less gas to Italy than requested on Friday for a third consecutive day,…
Read moreItaly mulls measures to counter Russian gas cuts
(Montel) The Italian government is pondering whether to adopt “appropriate” measures to counterbalance the impact of reduced Russian…
Read moreBavarian minister urges Norway to maximise gas exports
(Montel) Bavarian energy minister Hubert Aiwanger urged Norway to maximise exports on its gas pipelines to the…
Read moreAsia-Pacific coal prices eye recovery from 6-week low
(Montel) Asia-Pacific benchmark coal prices have fallen to around six-week lows amid some improvement in regional supply but…
Read moreFrench Q1 power soars to 11-year high as gas surges
(Montel) French power prices for next year’s first quarter soared to an 11-year high on Thursday as…
Read moreSMR build not impacted by EU taxonomy rules – developer
(Montel) An exclusion of nuclear in the EU’s green finance taxonomy will not affect investments in small-scale modular…
Read moreGerman power curve prices hit fresh highs on gas cut fears
(Montel) Prices along the German power curve spiked on Thursday, as fears intensified that Gazprom could completely halt…
Read moreGas prices surge EUR 20 to 3-month high on NS1 cuts
(Montel) European gas surged EUR 20 to a three-month high on Thursday as the market feared a…
Read moreFinland faces tight winter supply without Olkiluoto 3 – TSO
(Montel) Finland faces tight winter power supplies if Olkiluoto 3 nuclear reactor operations are further delayed, CEO Jukka…
Read moreFire at Russia gas field extinguished, production continues
(Montel) A fire at Russia's largest gas field, Urengoy, has been extinguished and production facilities are back in…
Read moreNordic July power jumps 9% on German gains
(Montel) Nordic front-month power surged more than EUR 7 on Thursday, lifted by stronger German power prices…
Read moreNorway to boost UK gas supply by 1bcm
(Montel) Norway’s Equinor will increase its gas supply to the UK by 1bcm/year, boosting its existing contract with…
Read moreGerman LNG terminal starts allocation for 13.3bcm
(Montel) Allocation of regasification capacity has begun for the German Stade LNG terminal project involving a planned 13.3bcm/year…
Read moreGerman spot power eyes 20% jump on rising demand, gas
(Montel) German day-ahead power prices looked set to gain 23% on Thursday as rising gas costs coupled…
Read moreGazprom to again deliver less gas than planned to Italy
(Montel) Russia’s Gazprom will deliver less gas than expected to Italy for a second day as it has…
Read moreOil prices claw back from Wednesday’s 2-3% drop
(Montel) Oil prices edged higher early on Thursday, clawing back from a sell-off in the previous session led…
Read moreGas rallies over 20% on NS1 capacity cut
(Montel) European gas prices extended early gains and surged over 20% in late Wednesday trading, as gas flows…
Read moreEU may face winter gas glut despite Russia risk – Eurasia
(Montel) Europe could see an oversupply of gas this winter should Russian gas keep flowing on the back…
Read moreNS1 cut may be Russia "political decision" – Habeck
(Montel) Flow cuts on the Nord Stream 1 gas pipeline between Russia and Germany could be a Russian…
Read moreNord Stream 1 flows to be cut to 40% of capacity – Gazprom
(Montel) Gas flows from a compressor station that feeds the Nord Stream 1 pipeline to Germany will…
Read moreMEP deal keeps 70m cut in EUAs in 2024
(Montel) European parliamentarians still back cutting 70m EU ETS allowances from the bloc’s carbon market in 2024, alongside…
Read morePolish power output rises 7.6% in May – TSO
(Montel) Polish power output rose 7.6% year on year to 14.1 TWh in May amid higher lignite, wind…
Read moreNasdaq criticises Norwegian bidding zone, nodal proposals
(Montel) Power exchange Nasdaq has strongly criticised a proposal to increase the number of Norwegian bidding zones or…
Read moreDutch Q1 gas use hits record low, emissions fall 11%
(Montel) Dutch gas use fell to its lowest level ever for the first quarter, resulting in an 11%…
Read moreItalian gas imports drop 7% in May on lower Russian flows
(Montel) Italian gas imports via pipeline and LNG dropped 7% year on year in May to nearly 6.3bcm,…
Read moreMEPs strike deal on carbon market reform ahead of key vote
(Montel) European Parliamentarians have secured a deal on carbon market reforms that can pass a full vote…
Read moreFinland to stockpile peat to cover winter heating demand
(Montel) Finland has started stockpiling peat for fuel to ensure heating supply next winter, its emergency supply agency…
Read moreFront-month gas extends rally on supply concerns
(Montel) Front-month gas prices on the Dutch TTF hub extended this week’s price rally, rising to their highest…
Read moreGerman power costs to climb despite coal reserve – analysts
(Montel) Germany’s plan for a 10 GW coal reserve over the next two winters is unlikely to keep…
Read moreGazprom cuts flows to Italy by 15% – Eni
(Montel) Eni has been informed by its Russian supplier Gazprom about a “limited reduction” in gas supply to…
Read moreGlobal oil demand growth to accelerate into 2023 – IEA
(Montel) Global oil demand growth should accelerate by 2.2m bbl/day next year after rising 1.8m bbl/day in 2022…
Read moreNordic July power jumps EUR 6 on stronger gas, German power
(Montel) Nordic power futures continued to rise on Wednesday morning on the back of stronger gas markets and…
Read moreAsian LNG prices spike near 20% on Freeport outage
(Montel) Asian LNG prices spiked overnight on Wednesday, with a 19% jump for August delivery, narrowing the spread…
Read moreFrance draws up bill to boost offshore wind
(Montel) France’s energy transition ministry is drawing up a bill aimed at speeding up the deployment of…
Read moreGerman spot power eases on flagging demand, more wind
(Montel) German day-ahead power prices looked set to ease on Wednesday as an increase in wind output…
Read moreBrent crude oil holds above USD 121/bbl amid tight supply
(Montel) Oil prices were trading a shade up early on Wednesday amid signs of tight global supply, despite…
Read moreFreeport outage set to trigger LNG price war – analysts
(Montel) The extended outage at the US LNG terminal Freeport, which will not be fully operational until “late…
Read moreDutch fine utility EUR 150,000 for insider trading
(Montel) The Dutch competition watchdog (ACM) has fined local utility PZEM EUR 150,000 for failing to disclose…
Read moreHungary sells over half a million GOs in first auction
(Montel) Hungary has sold all of the 509,224 guarantees of origin (GOs) offered in the country’s first renewable…
Read moreGerman government rescues Gazprom Germania with loan
(Montel) The German government will extend the trusteeship of Gazprom Germania and support the former Russian company with…
Read moreNord Stream 1 parts stuck in Canada – Siemens
(Montel) Components of a compressor station that feeds gas into Russia’s Nord Stream 1 pipeline to Germany…
Read moreFrench river flows at lowest level in 20 years – EQ
(Montel) River flows at French nuclear power plants fell to their lowest average levels in 20 years on…
Read moreGas soars 20% with Freeport, NS1 setbacks
(Montel) European gas prices jumped more than 20% on Tuesday, as separate outage developments affecting the US…
Read moreFreeport LNG terminal set to fully return in “late 2022”
(Montel) The Freeport LNG facility in the US Gulf will not be fully online “until late 2022” following…
Read moreFortum seeks to exit Russia by 1 July
(Montel) Finnish utility Fortum is requesting bids for its Russian business by next Tuesday, aiming to complete a…
Read moreGerman Q4 gas-fired power output may jump 40% – Refinitiv
(Montel) German gas and coal-fired generation could jump 43% and 20%, respectively, on the year in the fourth…
Read moreGerman power forwards soar EUR 18 on Russian gas fears
(Montel) German forward power contracts jumped more than EUR 18 on Tuesday amid concerns about flows via…
Read moreGerman THE hub secures 35.7 TWh gas for storage in tender
(Montel) German gas market operator Trading Hub Europe (THE) has secured 35.7 TWh of gas to refill the…
Read moreFront-month gas jumps 10% on Nord Stream 1 issue
(Montel) European front-month gas prices leapt more than 10%, or EUR 9, on Tuesday, boosted by curbs to…
Read moreUK advances Sizewell C funding model
(Montel) The UK has taken a step toward securing financing under a new funding model for EDF subsidiary…
Read moreNord Stream flows limited by “defects” – Gazprom
(Montel) Gas flows via the Nord Stream 1 pipeline to Germany can only reliably operate at 60%…
Read moreMEPs object to including gas, nuclear in EU taxonomy
(Montel) MEPs in two committees have objected to the European Commission’s proposal to include nuclear and gas energy…
Read moreIberian spot power drops 23% as gas price cap debuts
(Montel) The Iberian daily power price for Wednesday out-turned at EUR 165.69/MWh in the Omie auction, a 23%…
Read moreEuropean Parliament to reconsider EU ETS reforms 22 June
(Montel) The European Parliament will reconsider planned carbon market reforms on 22 June after the environment committee…
Read moreNordic power futures rebound on strong spot prices
(Montel) Nordic power futures edged up on Tuesday – after tumbling several euros yesterday to hit a three-week…
Read moreTalks on Doel 4, Tihange 3 to last until September – report
(Montel) Talks between Belgium and Engie on prolonging the lifetime of the Doel 4 (1 GW) and…
Read moreGerman spot power eyes EUR 9 rise on muted wind output
(Montel) German day-ahead power prices looked set to rise by around EUR 9 – or 5% – as…
Read moreRiverside buys majority stake in Montel
(Montel) The Riverside Company, a global private equity investor, has acquired a majority stake in Montel, it said…
Read moreOil remains above USD 120 amid supply side issues
(Montel) Oil prices again traded above USD 120/bbl on Tuesday as supply side issues trumped global economic concerns,…
Read moreCarbon pulls back to focus on policy developments
(Montel) European carbon prices were losing ground on Monday in a session characterised by low volumes and participants’…
Read moreFrench power could top EUR 700 this winter – Total
(Montel) French winter power prices would exceed EUR 700/MWh in the event of a halt to Russian gas…
Read moreGerman front-year power falls on weaker coal, CO2
(Montel) German front-year power continued to drop on Monday to reach a three-week low, taking cues from weaker…
Read moreIberian gas price cap may pressure Spanish power
(Montel) Spanish power spot and futures prices could be pressured this week as a cap on gas…
Read moreCoal prices to ease on strong stocks
(Montel) European coal prices were set to resume their bearish trend this week, as swelling stocks and…
Read moreEuropean LNG imports fall 27%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 27% last week to 2.25bcm, while there are…
Read moreItaly to sell 5.7m GOs in auction next week
(Montel) Italian state-owned energy services company GSE plans to sell more than 5.7m guarantees of origin (GO) for…
Read moreFront-month gas rises amid weaker Russian flows
(Montel) Front-month European gas prices rose on Monday amid a significant drop in Russian gas nominations to…
Read moreNordic Q3 power slumps to 3-week low on wet outlook
(Montel) Nordic front-quarter power slumped to a three-week low of EUR 86.75/MWh on Monday, as forecasts for rainfall…
Read moreEU needs to do more to hit 70% cross-border capacity – Acer
(Montel) EU nations need to step up efforts to reach the minimum 70% target for electricity interconnector capacity…
Read moreVattenfall plans 100 MW upgrade to Forsmark 1 reactor
(Montel) Vattenfall will upgrade its 990 MW Forsmark 1 reactor in Sweden by 100 MW in the coming…
Read moreNorway transformer failure curbs output by 460 MW – Statnett
(Montel) A transformer failure at the Salten substation in Northern Norway (NO4) cut production at seven hydropower plants…
Read moreStorage-solar hybrid is key amid price crisis – developer
(Montel) Hybrid battery storage and solar power is making better business sense amid elevated power prices and growing…
Read moreUK raises UKA cost curb measure to GBP 126.13 for September
(Montel) The UK has raised the cost curb measure for its UKA emissions certificates by just over 7%…
Read moreStatkraft makes 300 MW bidding error on Monday
(Montel) Norway’s largest energy producer Statkraft made a 300 MW bidding error in the Norwegian southern bidding zone…
Read moreGerman spot power to jump 20% on lower wind output
(Montel) German day-ahead power prices looked set to soar over EUR 30 on Monday, as wind generation levels…
Read moreOil falls on recession fears as US inflation hits 40-yr high
(Montel) Oil was falling on Monday amid economic concerns, which could impact demand, as US inflation soared to…
Read moreDenmark boosts 2030 offshore wind target 50% (4 GW)
(Montel) Denmark has boosted its current 2030 offshore wind target by nearly 50%, or 4 GW, to 12.9…
Read moreUK set to finalise deal to keep 2 GW EDF coal plant open
(Montel) The UK government is set to finalise a deal with EDF this week to keep its 2…
Read moreRussia earns record fossil fuel revenue during war
(Montel) Russia earned an estimated record EUR 93bn from its fossil fuel exports over the first 100 days…
Read moreCO2 volatility persists ahead of compromise deal
(Montel) European carbon prices remained volatile on Friday – rising EUR 1 – as developments on the policy…
Read moreNorway TSO to restrict Oslo area power flows this summer
(Montel) Norwegian TSO Statnett will restrict power flows from the NO1 bidding zone, which includes capital Oslo, this…
Read moreBattery price surge slows storage deployment – experts
(Montel) A battery price surge over the last six months is slowing deployment of battery storage in Europe,…
Read moreGerman Cal 23 power falls to two-week low on coal drop
(Montel) The German benchmark power contract fell to its lowest level in more than two weeks on…
Read moreNasdaq unlikely to resume power bank guarantees – experts
(Montel) Power exchange Nasdaq Commodities is unlikely to bring back bank guarantees as collateral for financial power trading,…
Read moreGas prices retreat as LNG supply concerns abate
(Montel) European gas prices were little changed amid rising pipeline flows in midday trading on Friday, pulling back…
Read moreCarbon policy news, technicals to drive EUAs next week
(Montel) European carbon prices were edging higher on Friday with market participants focused on potentially fresh political developments…
Read moreNorway hydro plant upgrades could add 10-15 GW – Statkraft
(Montel) Potential upgrades to existing hydropower plants in Norway could increase adjustable capacity by 10-15 GW, CEO Christian…
Read moreNordic front power falls on wet June outlook
(Montel) Nordic power futures fell on Friday morning as the latest weather forecasts predicted a wet weather outlook…
Read moreSolar, holiday weigh on German spot power
(Montel) German spot power prices looked set to rise from this week’s holiday-suppressed levels next week, though…
Read moreChina’s coal imports slip 2.3% in May
(Montel) Chinese coal imports declined 2.3% year on year in May – and nearly 16% from the previous…
Read moreStatkraft to conserve water on potential winter crisis – CEO
(Montel) Norway’s largest energy producer Statkraft plans to store significant volumes in hydropower reservoirs ahead of winter should…
Read moreWeak auctions make Italian gas injections laggards of Europe
(Montel) A slow start in auctions to refill gas storage sites is placing Italy’s injection pace behind the…
Read moreCrude prices fall on renewed China lockdown
(Montel) Crude oil was lower early on Friday amid unease about the impact on demand from a renewed…
Read moreCentrica applies to reopen Rough gas storage site – report
(Montel) Energy firm Centrica has submitted a formal application to reopen Rough - the UK’s largest gas storage…
Read moreParliamentary haggling on EU ETS to focus on industry rules
(Montel) European Parliamentary negotiations to tighten the carbon market looked set on Thursday to focus on when…
Read moreCO2 recovers after reform surprise
(Montel) EU carbon prices were recovering on Thursday – having hit a 15-day low yesterday after the European…
Read moreSpanish power extends losses after EC approves gas price cap
(Montel) Spanish power futures extended the previous session’s losses on Thursday after the European Commission gave its…
Read moreAlgeria-Spain spat will not hit gas flows – analysts
(Montel) A breakdown of diplomatic relations between Algeria and Spain will not impact gas flows from the…
Read moreUS LNG outage “quite significant” for Europe – analysts
(Montel) A three-week outage at the Freeport LNG facility, in the US Gulf – following a fire…
Read moreFrance launches gas tender for back-up suppliers
(Montel) France’s energy ministry has launched a tender for back-up gas suppliers to replace regular suppliers who…
Read moreFinland's first floating LNG terminal to berth in Inkoo port
(Montel) Finland’s first floating LNG terminal vessel will berth in the country’s southern Inkoo port, said Gasgrid Finland…
Read moreFinland halts Fennovoima’s 1.2 GW reactor application
(Montel) The Finnish government has formally stopped processing Fennovoima’s application to build the 1.2 GW Hanhikivi 1 nuclear…
Read moreNewcastle coal retreats with improving supply
(Montel) The Pacific basin’s leading thermal coal index has extended recent declines to slip towards USD 400/t…
Read moreRussia's western coal exports steady in June
(Montel) Russia’s coal exports from western ports have so far this month remained relatively flat versus May, as…
Read moreGas prices soar as Freeport LNG shuts after fire
(Montel) European gas prices jumped early on Thursday after reports that US LNG facility Freeport will shut…
Read moreNordic power prices climb EUR 3.50 on gas surge, drier spell
(Montel) Nordic power futures jumped up to EUR 3.50 on Thursday amid surging gas prices due to a…
Read moreSvea Solar receives EUR 100m for 500 MW capacity expansion
(Montel) Swedish renewables firm Svea Solar has received EUR 100m in funding from US investment fund Carval to…
Read moreFrance launches probe into alleged cover-ups at nuclear unit
(Montel) French prosecutors have launched a judicial investigation amid allegations that safety incidents at EDF’s Tricastin nuclear power…
Read moreFreeport LNG plant fire to curb exports, TTF jumps
(Montel) The second-biggest US LNG facility looks set to reduce exports at a time of pronounced European…
Read moreBetter Energy signs 10-year PPA with Telenor, Telia
(Montel) Danish renewables producer Better Energy has signed a 10-year power purchase agreement with Scandinavian telecoms companies Telenor…
Read moreGerman spot power to rise as wind output drops
(Montel) German day-ahead power prices looked set to edge higher on Thursday amid forecasts for wind production…
Read moreBrent crude oil briefly extends gains to above USD 124/bbl
(Montel) Oil prices extended this previous day’s gains in early Thursday trading, buoyed by flagging gasoline stockpiles in…
Read moreEC grants approval for Iberian gas price cap
(Montel) The European Commission gave its final approval to a temporary Spanish and Portuguese cap on gas prices…
Read moreCarbon extends losses after upset vote
(Montel) European carbon prices extended recent losses to fall to a 15-day low after the European Parliament…
Read moreEstonia’s Fermi Energia to start nuclear SMR output in 2032
(Montel) Estonian energy company Fermi Energia aims to start power generation from the first nuclear small modular reactor…
Read moreLNG supply to be “extremely tight” until 2025 – Bernstein
(Montel) Global LNG demand will outstrip supply until 2025, though Europe still looks set to meet its goal…
Read moreGermany could be warmer than normal until 2028 – DWD
(Montel) Germany could see average temperatures between 0.5-1C above the norm until 2028 due to climate change, with…
Read moreEurope TSOs, exchanges launch flow-based market coupling
(Montel) TSOs and power exchanges on Wednesday successfully launched flow-based power market coupling in day-ahead markets in…
Read moreCBAM start dispute disrupts ETS reform plans
(Montel) A dispute over when to start phasing out free allowances as part of the EU’s planned carbon…
Read moreFrench ASN suspends corrosion check for 1.3 GW Penly 1 unit
(Montel) France’s ASN nuclear safety authority has suspended corrosion checks at EDF’s Penly 1 (1,300 MW) reactor after…
Read moreLNG freight rates jump to highest since winter – Spark
(Montel) Atlantic-basin LNG freight rates have doubled on the month, exceeding USD 100,000/day for the first time this…
Read moreEuropean Parliament rejects carbon market package
(Montel) The European Parliament failed to agree a negotiating position on carbon market reforms in a vote…
Read moreGerman cabinet approves 10 GW power plant reserve
(Montel) Germany’s cabinet has approved plans to create a 10.4 GW reserve of power plants fired by hard…
Read moreGerman power prices slump amid weaker gas, EDF outage review
(Montel) German power prices dropped on Wednesday amid a weaker gas market and after French utility EDF announced…
Read moreAdriatic starts allocation for 147bcm LNG capacity
(Montel) Adriatic LNG has kicked off allocation of 147bcm of regasification capacity for October 2022-December 2047, it said…
Read moreTTF gas extends losses on lower demand despite flow cuts
(Montel) European gas prices fell in morning trading for a sixth consecutive day on lower demand, setting a…
Read moreSouth Africa “big winner” in EU’s Russian coal exodus
(Montel) South Africa is emerging as the “big winner” in the EU’s exit from Russian coal, with the…
Read moreSpain solar capture rate could trail baseload 30% – Pexapark
(Montel) Spanish solar power producers’ renewable capture rates could fall to as much as 30% below baseload prices…
Read moreNordic front power drops further on wet outlook
(Montel) The Nordic Q3 power contract on Wednesday dropped for the fourth consecutive session amid a prolonged…
Read moreNasdaq mulls bank guarantee return to boost Nordic volumes
(Montel) Nasdaq Commodities is considering a reintroduction of bank guarantees for collateral in the Nordic power market to…
Read moreFrench industrial gas demand falls 10% in January-April
(Montel) French industrial gas demand fell 10% to 44.6 TWh in January-April compared to the same period in…
Read moreGerman spot power eases with more wind
(Montel) German day-ahead power prices looked set to ease on Wednesday, as an increase in wind output…
Read moreUS trims LNG export growth forecast for 2022
(Montel) US LNG exports should rise almost 22% year on year in 2022, 1 percentage point less than…
Read moreEDF delays winter outages at 7 French reactors
(Montel) EDF has delayed planned outages next winter at seven French reactors and was mulling pushing back an…
Read moreStatkraft plans 630 MW upgrade of hydropower plant
(Montel) Norwegian power producer Statkraft plans to increase the capacity at its Mauranger II hydropower plant in southern…
Read moreBrent crude rises to near USD 121/bbl amid tightening supply
(Montel) Oil prices edged higher early on Wednesday as growing demand prospects in China and the US –…
Read moreCoal, gas prices fall on waning demand
(Montel) European coal and gas prices dropped on Tuesday amid waning seasonal demand and healthy supply, while CO2…
Read moreEU coal terminal stocks grow to 2-year high
(Montel) Coal inventories at northwest European ports have risen 6% on the week to their highest since June…
Read moreUS exports 74% of its LNG to Europe in January-April – EIA
(Montel) The US exported 74% of its LNG to Europe in January-April compared with 34% a year earlier…
Read moreSpanish TSO cites security for curbing gas data transparency
(Montel) Spanish gas TSO Enagas has ceased making public its monthly forecasts for LNG tanker arrivals and pipeline…
Read moreEC still assessing Iberian gas price cap plans
(Montel) The European Commission (EC) is still assessing Spain and Portugal’s formal requests to introduce a gas price…
Read moreTTF gas touches 15-week low on strong supply
(Montel) European gas prices extended losses on Tuesday to touch their lowest levels since Russia’s 24 February…
Read moreGerman Cal 23 power dips on gas, coal
(Montel) German Cal 23 power retreated further from last week’s highs on Tuesday, pressured by extended losses in…
Read moreEU ETS reform ambitions face tight vote in parliament
(Montel) Plans to cut EU carbon market emissions face a tight vote in the European Parliament on Wednesday…
Read moreNuclear crucial for EU energy amid Ukraine war – Finland
(Montel) Russia’s war in Ukraine has increased the importance of nuclear in Europe’s energy mix, Finnish economy minister…
Read moreFocusEconomics raises 2022 coal price outlook 9%
(Montel) Pacific basin benchmark coal prices could average USD 245.90/t this year, up 9% or USD 20.40 from…
Read moreGerman onshore wind tender 28% undersubscribed – BNA
(Montel) The latest German tender for 1.3 GW of onshore wind power was about 28% undersubscribed, the country’s…
Read moreNordic July power tumbles 6% on softer German power
(Montel) Nordic front-month power shed more than EUR 5 on Tuesday, pressurised by softening German power prices…
Read moreGerman spot power to rise nearly EUR 10 on subdued wind
(Montel) German day-ahead power prices looked set to rise almost EUR 10 on Tuesday, as forecasts indicated a…
Read moreDanske Commodities signs PPA with UK energy-from-waste unit
(Montel) Danske Commodities has signed a power purchase agreement (PPA) with Cory Group to manage the electricity produced…
Read moreOil prices continue rise on rebounding China demand
(Montel) Oil prices rose for the second consecutive session this week on Tuesday as demand in China continued…
Read moreCarbon slides over 5% as key vote looms
(Montel) Carbon prices dropped more than 5% in Monday trading ahead of an important European Parliament vote this…
Read moreEstonia attracts 1.2 TWh/yr in oversubscribed green auction
(Montel) Estonia’s latest renewable energy auction was oversubscribed attracting 29 bids from companies that will produce 1,201 GWh…
Read moreEuropean LNG imports rise 20%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, increased 20% last week to almost 2.7bcm, while there…
Read moreItaly should eye costs, revenue in green auctions – report
(Montel) Italy should consider the role of investments costs, revenue, agricultural solar projects and batteries to improve its…
Read moreSpanish spot power to hold above EUR 200 on high demand
(Montel) Spanish spot power prices looked poised to remain above EUR 200/MWh amid higher demand as temperatures…
Read moreTTF gas front month rises amid reduced Russian supply
(Montel) The benchmark Dutch TTF front-month contract rose on Monday morning amid a fall in Russian pipeline supply,…
Read moreRWE’s 60 MW Irish battery storage project fully operational
(Montel) RWE’s 60 MW battery storage unit, located in County Monaghan in the north of Ireland, is fully…
Read moreCoal prices hold firm amid steady demand
(Montel) European coal prices would likely remain steady to higher over the coming week as abundant near-term supply…
Read moreNaturgy CEO rules out Algerian gas volume cut – report
(Montel) Algerian gas volumes contracted by Spain’s energy firm Naturgy were not under threat of being cut amid…
Read moreRussian gas flows to ease 4% on Monday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to decline nearly 9mcm from…
Read moreOil prices rise as supply concerns continue to dog market
(Montel) Oil prices were rising on Monday – while crude posted its sixth weekly gain last week –…
Read moreLow Rhone flows to cut output at several reactors – analyst
(Montel) Low flow rates on the Rhone River will likely lead to “regular” output cuts at several French…
Read moreTSOs to boost Norway export capacity by 50% to Denmark
(Montel) Norway can export up to 1,632 MW of electricity to Denmark from 10 June, up from 1,100…
Read moreNorway’s NVE to fast-track hydropower with storage
(Montel) Norwegian energy agency NVE said on Friday it will prioritise applications for large hydropower projects with…
Read moreRWE boss laments lost Russian gas imports
(Montel) RWE boss Markus Krebber has chastised fellow customers of Russian gas for letting a dispute over…
Read moreBNA appoints Egbert Laege CEO of Gazprom Germania
(Montel) German regulator BNA on Friday appointed Egbert Laege as new CEO of Gazprom Germania, the former…
Read moreCarbon prices rise ahead of key market reform vote
(Montel) European carbon prices continued to creep higher amid limited trading on Friday as attention was set…
Read moreTTF gas futures trade mixed amid rising storage
(Montel) Gas prices at the Dutch TTF hub were little changed in thin trading on Friday, with…
Read moreNordic July power dips EUR 5 on wetter outlook
(Montel) Nordic front-month power tumbled on Friday as weather forecasts for more rainfall suggested a boost in…
Read moreEU confirms phasing out Russian crude imports over 6 months
(Montel) The EU has formally confirmed plans to phase out buying, importing or transferring crude oil from Russia…
Read moreGerman spot power to fall next week on more wind, low demand
(Montel) German spot power prices looked set to drop next week amid expectations of an increase in…
Read moreOil prices ease after Opec+ agrees to accelerate output
(Montel) Oil futures edged lower in early Friday trading after Opec and its allies agreed to increase production…
Read moreGermany to see 3.5 GW of new gas-fired capacity by 2025
(Montel) Germany can expect to see the launch of 3.5 GW of new gas-fired capacity by the end…
Read moreCarbon slips from 2-week high
(Montel) European carbon prices eased late in Thursday’s session after extending gains amid a lack of supply from…
Read moreOpec+ agrees 0.648m bbl/day supply boost for July
(Montel) Opec+ agreed on Thursday to boost oil supply by 0.648m bbl/day each in July and August…
Read moreFrance must double its 2030 biomethane target to 20% – TSO
(Montel) France must double its biomethane consumption target to 17-20% by 2030 from the current 7-10% to…
Read moreGerman wind, solar capacity grows 670 MW in April
(Montel) Germany’s wind and solar capacity grew 670 MW in April compared with 845 MW in March,…
Read moreSwiss eye 4 TWh imports amid low French nuclear supply
(Montel) Switzerland should import 4 TWh of power in the coming winter – mostly from Germany, Austria and…
Read moreEurope is leaving behind carbon capture – expert
(Montel) Carbon capture and storage (CCS) was largely forgotten in the REPowerEU plan, yet this technology will…
Read moreEpex appeals trading decision over 1.4 GW UK-Norway cable
(Montel) European spot exchange Epex Spot is appealing Norway’s decision to grant rival Nord Pool a licence…
Read moreFrance TSO will ask EC to revive 3rd Spain gas pipeline
(Montel) France’s southwestern TSO Terega will ask the European Commission this month to revive a pipeline project…
Read moreHydropower GOs rise amid supply squeeze
(Montel) Nordic hydropower guarantee of origin (GO) prices gained in the week to Thursday, as lack of precipitation…
Read morePoland to bring forward relaunch of 1.3 GW link with Ukraine
(Montel) Poland plans to refurbish an idle 1.3 GW interconnector between Poland and Ukraine by the end of…
Read moreGerman power curve hits fresh 2022 high on fuel concerns
(Montel) German benchmark power prices continued to extend a streak of gains for an eighth day on…
Read moreGas front month slides as supply jitters ease
(Montel) European front-month gas prices were falling on Thursday amid low liquidity as market jitters subsided over possible…
Read moreNewcastle coal eases with softer gas
(Montel) The Pacific basin’s leading coal index has retreated from a recent historical high, tracking a downturn…
Read moreNordic power reaches new highs amid dry weather, carbon
(Montel) Nordic power futures rose to fresh record highs on Thursday amid continued dry conditions and rising European…
Read moreGerman spot power to dip as low demand offsets drop in wind
(Montel) German day-ahead power prices looked set to edge lower on Thursday amid the prospect of flagging…
Read moreFrench power capacity drops 2 GW amid strikes
(Montel) French power capacity has fallen by 2,053 MW amid strikes by power plant workers on Thursday,…
Read moreGermany orders refilling of Rehden gas storage facility
(Montel) The German economy ministry has issued a decree to refill the country’s largest gas storage facility…
Read moreOil prices slump 2% ahead of Opec meeting
(Montel) Oil prices were 2% lower in early trading on Thursday, ahead of an Opec-led meeting of producers…
Read moreEU cuts 2030 fossil-fired power output by one-third – report
(Montel) EU countries have slashed their 2030 fossil-fired power generation plans by one-third to 595 TWh, according to…
Read moreCarbon gains amid lack of auctions, thin volume
(Montel) European carbon prices climbed to a two-week high on Wednesday, aided by a pause in daily allowance…
Read moreSpain to extend emergency energy measures to end-September
(Montel) The Spanish government will extend for another three months until the end of September emergency energy…
Read moreCoal virtually absent from UK power mix in May
(Montel) Coal-fired generation was virtually absent from the UK power mix in May, as gas and wind clawed…
Read moreMSR sales would spur carbon price volatility – Refinitiv
(Montel) Proposals to draw on a reserve of carbon allowances to help fund a shift from Russian…
Read moreGerman front power futures drop in line with gas
(Montel) Most German power futures stood lower in midday trading on Wednesday, weighed down by flagging gas…
Read moreEurope’s May LNG imports slip nearly 3% amid UK slump
(Montel) European LNG imports edged down nearly 3% month on month in May to 14.3bcm, led by a…
Read moreEU lawmakers to pull back on ETS reform ambitions
(Montel) EU lawmakers are set to push for a 63% cut in industry and power sector emissions by…
Read moreFrance may become net power importer this summer – EQ
(Montel) France may become a net power importer this summer for the first time in over 20 years…
Read moreGas prices slip as Russia, Norway flows rise
(Montel) European gas prices dropped in early Wednesday trading amid an upturn in Russian and Norwegian gas nominations,…
Read moreSpain connects 268 MW renewables capacity in May
(Montel) Spain added 137 MW of solar and 131 MW of wind capacity in May, bringing the…
Read moreGazprom gas exports to Europe fall 28% in Jan-May
(Montel) Gazprom's gas exports to Europe dived 28% in the first five months of the year, the Russian…
Read moreHungary to launch first GO auction on 14 June
(Montel) Hungary will launch its first guarantee of origin (GO) auction on 14 June, the Hungarian power exchange…
Read moreNordic Q3 power hits fresh high as hydro resources stay low
(Montel) The Nordic Q3 contract on Wednesday rose for the sixth consecutive session to a fresh high of…
Read moreFrance should raise Arenh volume 30% for 2023 – regulator
(Montel) France should raise the volume of nuclear power that EDF sells to rivals at the regulated…
Read moreGerman spot power eases as solar and wind output rise
(Montel) German day-ahead power prices looked set to fall back below EUR 200/MWh on Wednesday due to…
Read moreGazprom confirms gas cuts to Orsted, Shell
(Montel) Gazprom has terminated gas supply deals with Denmark’s Orsted and Shell Energy Europe for their failure…
Read moreOil prices see-saw in volatile trading after EU sanctions
(Montel) Oil prices were little changed early on Wednesday following a spike in the previous session driven by…
Read moreFrance’s Engie still paying for Gazprom’s gas in euros
(Montel) French utility Engie is still paying Russian energy giant Gazprom for its contracted gas supplies in…
Read moreEU leaders urge EC to explore gas import price caps
(Montel) EU leaders want the European Commission to look at whether temporary price caps on gas imports are…
Read moreGazprom to halt gas supply to Orsted, Shell
(Montel) Gazprom will halt gas supply to Danish utility Orsted and Shell Energy Europe from Wednesday due to…
Read moreEon, Tes, Engie plan fifth German floating LNG terminal
(Montel) Energy company Eon plans to station another floating LNG import terminal in Wilhelmshaven with project partners…
Read moreRussian NS1 gas flow drop due to end of Dutch deal – BNA
(Montel) A 12mcm/day drop in Russian gas flows via the Nord Stream 1 pipeline was due to…
Read moreCoal surges 10% amid market nervousness
(Montel) European coal prices jumped 10% in Tuesday trading amid lingering nervousness regarding supply beyond a looming ban…
Read moreProposed EU ETS reforms threaten Europe’s steel – Eurofer
(Montel) Proposals in the European Parliament to crack down more harshly on free carbon allowances distributed to…
Read moreHabeck dismisses power price cap
(Montel) Germany is unlikely to see a cap on power prices although skyrocketing prices hit large industrial consumers,…
Read morePGNiG imports record 0.6bcm LNG to Poland in May
(Montel) Poland's gas monopoly PGNiG contracted 6 LNG carriers to the country last month, equivalent to a record…
Read moreEU rules on GO qualities could boost prices – expert
(Montel) A potential change of EU regulation could spur demand for certificates with certain qualities, making guarantees of…
Read moreNordics to see wide power price spreads until 2030 – analyst
(Montel) Power prices will continue to vary strongly between northern and southern parts of Scandinavia until 2030, analyst…
Read moreGazprom has not yet cut gas supply to Orsted
(Montel) Denmark’s Orsted is still receiving gas from Gazprom, despite refusing to pay for supplies in rubles, as…
Read moreSpain power generation climbs 7% in May amid higher exports
(Montel) Spain’s power generation rose 6.8% year on year in May to 20.9 TWh amid net exports…
Read moreGas front month gains on flow uncertainty
(Montel) European front-month gas prices rose on Tuesday amid lower Russian flows and heightened concerns over the future…
Read moreEurope’s coal imports may jump 44% this year – analyst
(Montel) European seaborne thermal coal imports could rise 44% this year to 84m tonnes, as utilities take advantage…
Read moreEurope needs to extend coal use amid gas crisis – analyst
(Montel) The war in Ukraine has harmed plans to use gas as a bridging fuel for power generation…
Read moreDutch govt says can cope in winter without Russia's gas
(Montel) The Dutch government and gas TSO Gasunie said they were not concerned about security of supply in…
Read moreEurope has lost 20bcm gas amid Gazprom contract cuts – Icis
(Montel) The cumulative volume of European gas imports lost for failure to comply with Russia’s rubles-for-gas payment…
Read moreNordic power front rises EUR 4 on stronger German prices
(Montel) Nordic power futures continued to rise on Tuesday morning, with June and Q3 contracts hitting record highs…
Read moreItaly’s GSE awards 13% of capacity in latest green auction
(Montel) Italy’s state-owned energy services company GSE allocated only 13% of the renewable energy capacity available in its…
Read moreItalian hydrogen sector needs subsidies to thrive – experts
(Montel) Italian hydrogen experts say the country’s sector needs subsidies to thrive despite ambitious EU targets and improving…
Read morePortuguese 2022 GO prices rise in May auction
(Montel) Prices of Portuguese guarantees of origin (GOs) for renewable power produced last January and February jumped at…
Read moreGerman spot power to edge lower with higher wind output
(Montel) German day-ahead power prices looked set to fall around EUR 1 on Tuesday as forecasts indicated a…
Read moreRussian gas flows to drop 10% on Tuesday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to drop 21mcm day on…
Read moreEnefit Green to build 32 MW Estonian solar farm
(Montel) Enefit Green, the renewables subsidiary of Estonian utility Eesti Energia, has plans to build a 32 MW…
Read moreOil prices climb on EU deal to ban most Russian oil imports
(Montel) Oil prices rose early on Tuesday after EU leaders struck a deal to ban most Russian oil…
Read moreDutch GasTerra to refuse 2bcm Russian gas
(Montel) Dutch gas trader GasTerra has decided not to comply with Gazprom’s demands for ruble payments, effectively refusing…
Read moreEnergy markets firm as EU leaders meet
(Montel) European energy prices were largely firmer on Monday afternoon, with coal, oil and some gas prices gaining…
Read moreDenmark not concerned about gas supply amid Gazprom threat
(Montel) Denmark’s energy agency is not immediately concerned about the country’s security of gas supply despite Russian giant…
Read moreGerman Cal 23 power hits record high on coal strength
(Montel) The German front-year power contract reached a record high on Monday, lifted by a bullish coal market…
Read moreSpain spot power may climb EUR 15 on less wind
(Montel) Average Spanish spot power prices may jump EUR 15 on lower renewable supply this week, while…
Read moreEuropean LNG imports fall to year low
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell nearly 23% last week to 2.14bcm, the lowest…
Read moreEU coal terminal stocks swell to 20-month high
(Montel) Coal inventories at northwest European ports have risen 8% on the week to their highest since September…
Read moreGas prices edge up on EU oil embargo talks, low renewables
(Montel) European benchmark gas futures rose on Monday amid EU talks of banning Russian oil imports as…
Read moreGazprom may cut gas supply to Orsted
(Montel) Gazprom Export could potentially cut gas supply to Denmark’s Orsted this week, as the deadline for paying…
Read moreEuropean coal prices to rise as Russian supply slows
(Montel) European coal prices looked set to gather further support this week from a slowdown in Russian supply…
Read moreNordic June, Q3 power hit record highs on bullish weather
(Montel) Nordic power futures traded up across the board on Monday amid bullish weather forecasts and higher-than-expected…
Read moreDeveloper 3Flash Solar plans 40 MW farm in Finland
(Montel) Finnish renewables developer 3Flash Solar plans a 40 MW solar farm in eastern Finland and is eyeing…
Read moreLow wind to keep German spot power steady
(Montel) German day-ahead power prices looked set to settle little changed on Monday as relatively low wind generation…
Read moreItaly sells 193 MW of demand response contracts for June
(Montel) Italian TSO Terna has sold nearly 193 MW of the 300 MW offered of demand-side response power…
Read moreCrude prices climb as EU considers Russia oil sanctions
(Montel) Crude oil prices hit their highest levels so far this month early on Monday on optimism…
Read moreGas prices recover after hitting 3-month low
(Montel) European gas prices recovered on Friday afternoon after dipping to their lowest level since Russia’s invasion…
Read moreEU LNG discount to TTF gas narrows from records
(Montel) The price of LNG arriving in Europe has narrowed for a second straight week from a record…
Read moreG7 seeks decarbonised power systems by 2035
(Montel) The Group of Seven economic powers on Friday promised to strive for “predominantly decarbonised electricity sectors…
Read moreCO2 to see volatile trading on reform debate
(Montel) European carbon prices were falling on Friday, though looking ahead the market was set to remain volatile…
Read moreUK GO prices set to rise with end to EU imports
(Montel) Prices in the UK market for renewable energy guarantees of origin (Regos) looked set to rise if…
Read moreCapacity limits will not deter UK LNG arrivals – TSO
(Montel) LNG vessel arrivals to the UK should be largely unaffected by forthcoming capacity limits imposed at two…
Read moreGerman spot power to rise next week as wind to plummet
(Montel) German spot power prices looked set to gain next week amid forecasts showing rapidly declining wind…
Read moreGermany, US discuss energy partnership on H2, wind
(Montel) Germany and the US have signed a partnership to speed up the energy transition, including plans to…
Read moreBetter Energy, Forus plan 1 GW solar in Finland
(Montel) Danish renewables group Better Energy said it plans to develop 1 GW of solar capacity in Finland…
Read moreDutch government under pressure to tweak coal plant limit
(Montel) The Dutch government is coming under growing pressure from politicians and energy market experts to tweak…
Read moreEU makes plans for possible total Russia gas cut – report
(Montel) Europe is working on contingency plans in case Russia completely cuts off its gas supplies, the EU’s…
Read moreCrude prices range-bound ahead of Opec+, EU meetings
(Montel) Crude oil was range-bound early on Friday ahead of next week’s Opec+ meeting and as the European…
Read moreCO2 rises amid thin trading, auction dearth
(Montel) European carbon prices rose 3% in Thursday trading amid thin liquidity and as a lack of auctions…
Read moreEni, Algeria sign deal to speed up gas development
(Montel) Italian energy firm Eni signed a memorandum of understanding with Algerian state-owned energy company Sonatrach to accelerate…
Read moreNew Spanish gas links could hurt decarbonisation – expert
(Montel) Gas pipeline projects linking Spain with France and Italy risked derailing the EU’s decarbonisation plan and…
Read moreItaly renewables’ requests for grid connection jump 36%
(Montel) The number of requests to connect renewable plants to the Italian electricity network has grown 36% in…
Read moreUK targets oil and gas majors with “energy profits levy”
(Montel) The UK government will impose a temporary energy profits levy on oil and gas companies as part…
Read moreLNG prices could surge in H2 amid growing competition
(Montel) Global LNG prices could surge in the second half of the year amid increased competition between Europe…
Read moreUK coal imports jump 30% in Q1
(Montel) UK coal imports rose over 30% on the year to 1.4m tonnes in the first quarter, preliminary…
Read moreGas front month falls amid milder forecasts, holiday
(Montel) European front-month gas prices were falling on Thursday amid milder weather forecasts and thin liquidity due to…
Read moreGO prices move sideways amid dry weather, strong demand
(Montel) European guarantees of origin (GO) prices have moved sideways the week to Thursday but remained well-supported by…
Read moreAsia-Pacific coal prices hover close to record high
(Montel) Asia-Pacific benchmark coal prices have risen 1.4% this week, remaining close to record high levels thanks to…
Read moreOil prices firm after US crude inventories recede further
(Montel) Oil prices rose modestly in early Thursday trading after official US data showed the nation’s crude inventories…
Read moreEngie to supply Heineken with 30 MW solar energy in Spain
(Montel) Dutch brewer Heineken has signed a 20-year agreement with Engie to receive heat and power from a…
Read moreCoal sinks to 3-week low amid ample supply
(Montel) European coal prices sank USD 15 to a three-week low on Wednesday, as growing stocks in northwest…
Read moreNorway could see net power imports from UK this summer – EQ
(Montel) Norway could see net imports from the UK over the 1.4 GW North Sea Link this summer…
Read moreLithuanian LNG terminal fails to meet surging Q4 demand
(Montel) Lithuania’s sole LNG import terminal has received requests for four times more of the fuel in Q4…
Read moreNord Pool mulls acquisitions ahead of financial launch
(Montel) Nordic power exchange Nord Pool may acquire rivals ahead of a possible expansion into financial power trading,…
Read moreFinland needs to build more power capacity – lobby
(Montel) Finland needs to build more power generation and continue nuclear investment following the loss of Russian energy…
Read moreRWE signs long-term 3bcm/year US LNG supply deal
(Montel) German utility RWE’s trading unit has signed a 15-year deal with US-based Sempra Infrastructure for 2.25m tonnes/year…
Read moreGerman front-year power gains with gas, carbon
(Montel) Germany's Cal 23 power contract rose to a one-week high on Wednesday amid stronger gas and carbon…
Read moreJune gas trades flat as higher LNG offsets lower flows
(Montel) European front-month gas prices were trading flat on Wednesday as easing import flows countered higher wind output…
Read moreGlobal thermal coal supply may contract 2% in May
(Montel) Global seaborne thermal coal supply could contract by 2.2% on the year in May, provisional dry bulk…
Read moreSweden’s reactors can eke out extra 300 MW to meet demand
(Montel) Sweden’s nuclear power reactors could get upgrades to increase capacity by nearly 300 MW – or around…
Read moreNordic June, Q3 power hit fresh contract highs
(Montel) Nordic front-month and Q3 power prices hit fresh contract highs on Wednesday amid drier, less windy…
Read moreStatkraft to supply Norway battery factory with 1.4 TWh
(Montel) Norwegian power producer Statkraft will supply 1.4 TWh to a planned battery factory in northern Norway over…
Read moreSSE hedges 91% of 2022-23 wind, 85% of hydropower
(Montel) UK energy firm SSE has hedged 91% of its expected 5.2 TWh wind volume for 2022-23, at…
Read moreGerman spot power to plunge 60% as wind doubles
(Montel) German day-ahead power prices looked set to shed more than EUR 100 on Wednesday as forecasts…
Read morePGE power sales price soars 84% in Q1, profit up a third
(Montel) Polish utility PGE saw the achieved average power price for its generation soar 84% in Q1 to…
Read moreBelgian regulator urges tax on wind farms – report
(Montel) Belgium’s energy regulator Creg has called for domestic offshore wind farms to reimburse excess profits which…
Read moreOil prices rise amid tightening supplies, weakening dollar
(Montel) Oil prices rose early on Wednesday amid tightening supplies of refined products, a flagging US dollar and…
Read moreRussian gas cut to Germany could buoy prices to EUR 200
(Montel) German gas prices could soar to EUR 200/MWh within the next month in the case of a…
Read moreNordic June power hits fresh high on strong spot
(Montel) The Nordic power contract for June climbed EUR 7 to a record high of EUR 93.25/MWh on…
Read moreGermany may allow return of 10 GW capacity in gas crunch
(Montel) The German government plans to allow a market return 10.4 GW of hard coal, lignite and oil-fired…
Read moreTHE awards 80% of tendered gas volumes for storage injection
(Montel) German gas market operator Trading Hub Europe (THE) awarded 80% of the tendered 59.6 TWh of…
Read moreCO2 jumps 6% amid MSR plan uncertainty
(Montel) European carbon jumped nearly 6% in Tuesday trading amid a technical rebound from recent sharp losses and…
Read moreItaly could add 8 GW green energy this year – minister
(Montel) Italy could add up to 8 GW of renewable energy capacity this year following the government’s streamlining…
Read moreAustria secures 8 TWh in undersubscribed gas tender
(Montel) Austria’s gas market operator AGGM has secured 7.7 TWh of gas and storage capacity in an undersubscribed…
Read moreUK energy bills set to soar to near GBP 3,000/year
(Montel) The UK’s consumer energy bills could rise by more than 40% to GBP 2,800 per year from…
Read moreNorway braces for sharp tightening of power supply
(Montel) Norway is preparing for a sharp tightening of hydropower supply with rising prices, driven by a combination…
Read moreGerman power curve rises on gas, carbon, lower wind
(Montel) German power contracts gained on the back of higher gas and CO2 prices on Tuesday, with…
Read morePrompt gas rebounds from sell-off
(Montel) European gas prices rebounded from a sharp sell-off during the previous session on Tuesday morning, as…
Read moreBritish power market needs substantial reform – ESO
(Montel) The British power market needs to be “substantially reformed” if it is to deliver net zero emissions…
Read moreTSO flags security of power supply issue in southern Norway
(Montel) Norwegian TSO Statnett has warned of a “pressed” security of supply situation in the NO1, NO2 and…
Read moreNordic front edges up on stronger gas, German power
(Montel) Nordic power front contracts edged up on Tuesday amid higher gas and German power prices, while a…
Read moreEurope gas crisis hampers blue hydrogen outlook – analysis
(Montel) Europe’s gas supply crisis has lifted blue hydrogen production costs, leaving it an expensive and high-risk investment,…
Read moreFennovoima scraps reactor build licence due to Ukraine war
(Montel) Finnish nuclear developer Fennovoima has withdrawn its construction licence application concerning the 1.2 GW Hanhikivi 1 reactor…
Read moreAxpo sells 65.5 MW French wind portfolio to Greencoat
(Montel) Swiss utility Axpo has sold four onshore wind farms totalling 65.5 MW in central France to…
Read moreGerman spot power eyes 10% rise on lower wind output
(Montel) German day-ahead power prices looked set to rise around 10% on Tuesday as an anticipated drop in…
Read moreRussian gas flows to rise 1.5% on Tuesday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to rise 1.5% day on…
Read moreOil prices fall on concerns of economic downturn
(Montel) Oil prices fell on Tuesday amid concerns of a global economic downturn, stoked by fears China would…
Read moreUK finance secretary eyes GBP 10bn energy windfall tax
(Montel) UK finance secretary Rishi Sunak has ordered officials to draw up plans for a possible windfall tax…
Read moreGerman Gazprom gas storage can hit targets – analysts
(Montel) The gas storage sites of Gazprom subsidiaries can still be filled according to German government goals…
Read moreCarbon extends losses to 5-week low
(Montel) European carbon prices were falling on Monday for the fourth consecutive session, reaching a five-week low as…
Read moreItaly’s April power demand rises 1% to 24 TWh
(Montel) Power demand in Italy edged 1% higher year on year to 24.06 TWh in April despite a…
Read moreGerman June power eases amid EUA, gas weakness
(Montel) German front-month power edged lower on Monday, pressured mainly by flagging carbon and gas prices as Russia’s…
Read moreSpain spot power to drop on lower demand, more renewables
(Montel) Spanish spot power prices could drop amid lower demand and more renewables supply, with additional pressure…
Read moreGermany opens 0.7 GW tender for coal closures in 2025
(Montel) Germany’s BNA network regulator has launched its sixth hard coal exit tender for bids to close 699…
Read moreCoal supply influx caps gains
(Montel) European coal prices were unlikely to rise much further this week – after hitting two-month highs last…
Read moreEC taxonomy to face EU parliament objection vote in July
(Montel) The European Parliament will vote in early July on whether to reject the European Commission’s draft EU…
Read moreNordic power futures reach 2-week high on strong spot
(Montel) Nordic power futures rose in early trading on Monday amid stronger than expected spot prices, lower…
Read moreEuropean LNG imports fall 15%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 15% last week to nearly 2.4bcm, although another…
Read moreBaltic power supply secure despite Russia halt – TSO
(Montel) Security of power supply in the Baltic region is not under threat following the halt to electricity…
Read moreEC proposes hourly matching in hydrogen additionality rules
(Montel) The European Commission wants renewable power and related hydrogen production correlated every hour from 2027 under draft…
Read moreGerman spot power set to drop EUR 35 on more nuclear, wind
(Montel) German day-ahead power prices looked set to drop around EUR 35 on Monday as utility RWE planned…
Read moreRussian gas flows to fall 8% on Monday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to fall to around…
Read moreOil prices rise on signs of strong demand
(Montel) Oil prices were rising on Monday – having exhibited gains for the fourth consecutive week last week…
Read moreMacron appoints Agnes Pannier-Runacher as energy minister
(Montel) French president Emmanuel Macron has appointed Agnes Pannier-Runacher as energy minister in his new government, the Elysee…
Read moreGas prices slide despite Russia's halt to Finnish flows
(Montel) European gas prices were trading down on Friday afternoon following a muted reaction to Russia’s decision to…
Read moreFrance sells record 5.8 TWh GOs at EUR 1.83/MWh
(Montel) France sold a record 5.8 TWh of guarantees of origin (GO) certificates at an average EUR…
Read moreOX2 expands offshore wind plans in Baltic Sea
(Montel) Swedish wind developer OX2 has expanded its plans with Finnish fund manager Alandsbanken Fondbolag to build a…
Read moreGas prices edge down as market eyes ruble payments
(Montel) European gas prices edged down on Friday amid stable supply, as the market eyed developments concerning…
Read moreSurprise MSR plans pressure carbon prices lower
(Montel) European carbon prices remained under pressure on Friday after the EU executive this week revealed plans…
Read moreFinland signs floating LNG terminal lease
(Montel) Finnish TSO Gasgrid Finland has signed a 10-year lease for a floating LNG terminal with US Excelerate…
Read moreGermany approves closure of 1 GW coal plants
(Montel) Germany’s BNA network regulator has approved the closure of 1,016 MW of coal-fired capacity by 27 May…
Read moreRussia to cut gas supply to Finland on Saturday
(Montel) Russia will cut gas supplies to Finland starting on Saturday, said Finnish energy company Gasum.…
Read moreGerman LNG plan key to get through winter – Habeck
(Montel) German upper house of parliament’s approval to speed up permitting processes for LNG import terminals were key…
Read moreFalck plans 975 MW floating offshore wind plant in Sardinia
(Montel) Italy’s Falck Renewables and Spain’s BlueFloat Energy are planning to jointly develop a 975 MW floating offshore…
Read moreFrance to auction forward GOs – ministry
(Montel) France plans to auction forward contracts for guarantees of origin (GOs), the energy ministry said.…
Read more1 GW UK-France link to launch on Wednesday
(Montel) The 1 GW ElecLink interconnector between France and the UK will launch its commercial operations next…
Read moreGerman spot power to fall next week as wind output jumps
(Montel) German spot power prices looked set to slump next week as forecasts pointed to an uptick…
Read moreCrude prices fall on lingering demand unease
(Montel) Crude oil was lower early on Friday on continuing pessimism about demand amid Covid-19 lockdowns in…
Read moreEDF delays Hinkley reactor start, cost may rise EUR 3bn
(Montel) EDF has delayed the start-up of the Hinkley Point C nuclear power plant in the UK by…
Read moreEEX revises 2022 EUA auction volumes from 7 June
(Montel) The EEX exchange has published a revised auction calendar for carbon allowances this year that trims supply…
Read moreTraders expect gas to keep flowing as ruble deadline looms
(Montel) Gas traders expected Russian exports to Europe to keep flowing into June, they told Montel on…
Read moreEC tells six countries to fully comply with power market law
(Montel) The European Commission called on six EU member states to fully comply with EU rules on the…
Read moreCorrosion on French reactors mainly due to design – EDF
(Montel) Corrosion found on safety circuits at several French reactors is mainly due to the way the circuits…
Read moreGovernments must enforce rubles gas payment ban – EC
(Montel) National governments are responsible for ensuring that companies respect EU sanctions and do not comply in full…
Read moreCO2 continues fall on planned MSR sale
(Montel) European carbon prices continued to fall on Thursday, hitting their lowest level since 28 April, as a…
Read moreEDF revises dates for 13 reactor outages in 2022-23
(Montel) EDF on Thursday revised the dates of 13 planned outages at nuclear power plants in 2022-23 due…
Read moreGerman power futures fall on CO2 retreat
(Montel) German curve power contracts fell around EUR 3 on Thursday as bearish sentiment prevailed in the carbon…
Read moreGas front month falls amid stable flows, LNG deliveries
(Montel) European front-month gas declined on Thursday amid stable flows and the expectancy of strong LNG deliveries…
Read moreGOs prices fall amid likely UK import halt
(Montel) European hydropower guarantees of origin (GOs) prices fell during the week to Thursday as the market factored…
Read moreNordic power drops with carbon, wet weather, German power
(Montel) Nordic power futures fell on Thursday in the wake of a carbon price plunge the day before,…
Read moreNewcastle coal index breaches March record
(Montel) The Pacific basin’s leading coal index has breached its historical high set following Russia’s invasion of…
Read moreEurope LNG imports to soar 65% in 2022 to 145bcm – Kpler
(Montel) European LNG imports are set to jump 65% year on year in 2022 to 145bcm, with at…
Read moreFrench power prices jump after EDF lowers output target
(Montel) French Q4 power prices soared as much as EUR 40 early on Thursday after EDF slashed…
Read moreAlight, RES plan up to 300 MW Swedish solar capacity
(Montel) Swedish solar provider Alight will jointly develop a 200-300 MW of solar capacity in Sweden with international…
Read moreEU backs filling gas stocks to 80% in draft accord
(Montel) EU gas storage facilities would have to be at least 80% full before next winter under a…
Read moreRussian coal port throughput hits 6-month high
(Montel) The handling of coal at Russian sea ports reached a six-month high in April, as producers rushed…
Read morePGNiG’s power output jumps 42%, Q1 profit doubles
(Montel) Polish energy firm PGNiG’s power generation jumped 42% year on year to 1.7 TWh in the first…
Read moreAcer seeks input on Swedish TSO 70% trade exemption request
(Montel) Acer is seeking views on Swedish TSO Svenska Kraftnat’s request for an exemption to EU rules requiring…
Read moreNorway could face 5.3 GW power import need by 2030 – NVE
(Montel) Norway could face an unprecedented imbalance in its electricity grid and need to import up to 5.3…
Read moreGerman spot power to ease as demand dwindles
(Montel) German day-ahead power prices looked set to soften on Thursday, as lower demand was expected to…
Read moreOil prices rise as US crude, gasoline stocks tighten
(Montel) Oil prices rose in early Thursday trading after official US data showed gasoline inventories for this time…
Read moreEDF cuts 2022 nuclear output target by 5% to 280-300 TWh
(Montel) French utility EDF has cut its nuclear generation target for this year 5% to 280-300 TWh,…
Read moreLithuanian cabinet approves ban on Russian gas imports
(Montel) The Lithuanian government has endorsed planned law amendments that will ban Russian natural gas imports to the…
Read moreDanish “energy island” will connect to Belgium in 2033
(Montel) A planned 3 GW energy island in the Danish part of the North Sea could be linked…
Read moreCO2 plunges nearly 10% on MSR plans
(Montel) European carbon prices plunged nearly 10%, or almost EUR 9, in Wednesday trading but later recovered somewhat,…
Read moreSolar, wind sectors welcome EU’s green targets
(Montel) The European solar and wind energy sectors on Wednesday welcomed green targets proposed by the European Commission…
Read moreFinland would face “difficult” winter on gas halt – Gasum
(Montel) Finland would be able to cover gas demand this summer if Russia halted deliveries but it could…
Read moreEU plans exit from Russian energy "as soon as possible"
(Montel) The European Commission is planning independence from Russian energy “as soon as possible”, president Ursula von…
Read moreEC wants green power to displace 21bcm Russian gas
(Montel) Solar and wind power could displace 21bcm of gas as part of the European Commission’s REPowerEU plan…
Read moreAustria will boost gas reserve 60% for supply security
(Montel) Austria plans to expand its strategic gas reserve by 7.4 TWh, or 59%, to 20 TWh as…
Read moreRed tape curbs 19 GW of Spanish hydro development – experts
(Montel) Administrative and regulatory hurdles are hampering the construction of 19 GW of Spanish hydropower capacity currently…
Read moreEC plans to raise EUR 20bn from EUAs for grants
(Montel) The European Commission plans to sell 250m EU carbon allowances from the ETS market stability reserve over…
Read more“Real risk” of Russian gas stop to Finland – Gasum
(Montel) There is a “real risk” Russia could halt gas deliveries to Finland from Friday or Saturday this…
Read moreEC would help set EU gas price cap if Russia supplies cut
(Montel) Any EU cap on gas prices in response to a loss of Russian supplies would be set…
Read moreOne-third of German gas plants will run in emergency – BNA
(Montel) Germany would continue to deliver fuel to 10 GW, or around a third, of gas-fired units to…
Read moreGas price caps for power possible – EC
(Montel) A temporary reference price for gas used to produce power is a potentially acceptable way for EU…
Read moreGas gains on flow drop, payment uncertainty
(Montel) Dutch TTF front-month gas prices rose on Wednesday as Norwegian flows declined, while a continued lack of…
Read moreNordic power prices edge up on stronger fuels, Germany
(Montel) Nordic power futures edged higher on Wednesday on the back of rising fuel prices and amid stronger…
Read moreFocusEconomics raises 2022 coal price outlook 5%
(Montel) Pacific basin benchmark coal prices could average USD 225.50/t this year, up 5.2% – or USD 11.10…
Read moreAnalysts revise up Q2 US gas price outlook by 18%
(Montel) FocusEconomics on Wednesday revised up its forecast for average US benchmark Henry Hub gas prices in the…
Read moreAir Liquide, Shell sign 52 GWh/year PPA in north Italy
(Montel) French gas group Air Liquide has signed a power purchase agreement (PPA) with Anglo-Dutch energy major…
Read moreGerman spot power set to rise as solar, wind output ease
(Montel) German day-ahead power prices looked set to rise more than EUR 2 on Wednesday amid forecasts…
Read moreOil prices edge up on China demand hopes, tight supply
(Montel) Oil prices edged higher in early trading on Wednesday amid signs of tight supply and hopes that…
Read more4 EU nations eye 150 GW offshore wind in North Sea by 2050
(Montel) Denmark, Germany, the Netherlands and Belgium want to develop 150 GW offshore wind capacity in the North…
Read moreEU panel wants end to CBAM free allowances by 2030
(Montel) Free EU allowances for sectors covered by a carbon border tax on imports should be phased out…
Read moreEni to open two accounts at Gazprombank
(Montel) Italy’s Eni has begun the process of opening two bank accounts – one in rubles and one…
Read moreEU panel open to limiting access to carbon market
(Montel) The European Parliament’s environment committee is open to limiting financial companies’ access to the carbon market from…
Read moreCarbon rises to 11-week high on EU ETS vote
(Montel) European carbon prices climbed to an 11-week high on Tuesday, as the European Parliament’s environment committee backed…
Read moreBerlin mulls additional generation capacities to save gas
(Montel) Germany’s economy ministry is considering ways to provide “additional power generation capacities” to the market for…
Read moreGerman gas demand destruction to continue as usage slumps
(Montel) German gas usage has slumped 14% year on year in 2022 to date, with more demand destruction…
Read moreGerman power curve rises as CO2 rallies amid reform plan
(Montel) German curve power prices recovered from early losses on Tuesday, lifted by gains on the carbon market…
Read moreFirms must pay for Russian gas in contracted currency – EC
(Montel) European companies must pay for their Russian gas using the currency stated in their contracts and state…
Read moreEuropean parliamentarians back ambitious ETS reforms
(Montel) European parliamentarians on Tuesday voted for more ambitious proposals to strengthen the EU’s carbon market than…
Read moreEngie reaches agreement with Gazprom on gas payment
(Montel) Engie has reached an agreement with Russian gas giant Gazprom to pay for its gas purchases by…
Read moreGas prices recover from one-month low amid strong supplies
(Montel) European gas prices hit a one-month low in early Tuesday trading before recovering, as robust supplies continued…
Read moreCleared coal derivatives on Ice slump to 14-year low
(Montel) Coal futures and options volumes cleared on UK exchange Ice fell to their lowest levels in nearly…
Read moreUK energy policy revamp better than windfall tax – expert
(Montel) Restructuring North Sea exploration fiscal policy, rather than a windfall tax, could be a more effective way…
Read moreRussia gas flows to ease 4% on Tuesday
(Montel) Russian gas exports to northwestern Europe along three main conduits were expected to decline by around…
Read moreEngie’s trading arm posts tripling of Q1 profit to EUR 0.6bn
(Montel) French utility Engie’s trading arm posted a more than tripling in year-on-year earnings before interest and tax…
Read moreOil trades flat as Covid eases in China, Shanghai to reopen
(Montel) Oil was trading flat on Tuesday with Covid-19 cases waning in China and Shanghai set to emerge…
Read moreMacron appoints Elisabeth Borne prime minister
(Montel) French president Emmanuel Macron has appointed his former energy minister Elisabeth Borne as prime minister to implement…
Read moreAll new EU buildings may be fitted with solar – report
(Montel) All new buildings in the EU could be fitted with solar panels as part of the bloc’s…
Read moreEU’s dependence on fossil fuels funding war – Greenpeace
(Montel) The EU’s dependence on “fossil gas and nuclear energy actively contributes to war and human rights violations”,…
Read moreGas sags on EC ruble payment confirmation
(Montel) European gas prices softened on Monday, as the European Commission confirmed gas buyers would not be…
Read morePolish power output rises 10% in April – TSO
(Montel) Polish power output rose 10% year on year to 14.7 TWh in April amid higher coal, wind…
Read moreFrench safety experts call for checks on 1.3 GW reactors
(Montel) EDF should extend checks on emergency back-up generators at its 1.3 GW reactors, according to a recommendation…
Read moreRussia import cut may add EUR 10 to Finland power – analysts
(Montel) A longer-term cut in Russian power supplies to Finland could lift local spot prices by more than…
Read morePohjan Voima plans 260 MW Finnish wind farm
(Montel) Finnish energy company Pohjan Voima, together with state property manager Metsahallitus, plan to build a new onshore…
Read moreGerman power curve eases with softening gas
(Montel) German benchmark power prices eased on Monday morning, responding mostly to softening gas prices and a…
Read moreSpain spot power little changed, futures under pressure
(Montel) Spanish power spot prices this week should hover around last week’s levels while futures remained under…
Read moreSwelling stocks pressure coal market
(Montel) European coal prices would likely remain under some pressure this week, as an influx of near-term supply…
Read moreTTF gas falls on healthy pipeline flows, storage boost
(Montel) The benchmark Dutch TTF front-month contract was falling on Monday morning as increased pipeline flows from Russia…
Read morePGNiG plans to buy 3m tonnes/year of US LNG from 2027
(Montel) Poland’s PGNiG has plans to buy 3m tonnes of LNG per annum for 20 years from US…
Read moreNordic power front rises on dry weather
(Montel) Nordic power contracts close to delivery rose on Monday amid drier forecasts.…
Read moreRussian gas flows rise over 5%
(Montel) Russian gas exports to northwestern Europe along three main conduits were around 12mcm higher versus the previous…
Read moreGerman spot power set to jump EUR 11 on lower wind output
(Montel) German day-ahead power prices looked set to rise more than EUR 11, or 5%, on Monday as…
Read moreEC backs principle of gas price caps for power – draft
(Montel) Setting a temporary reference price for gas used to produce power is an acceptable way for EU…
Read moreBig Russian gas cut could prompt EU price cap – EC draft
(Montel) A big cut in Russian gas supplies to the EU could prompt the bloc to set an…
Read moreOil prices fall but supply fears continue to spark concern
(Montel) Oil prices were falling on Monday after investors took profit amid a jump in the previous session…
Read moreGas and coal drift down on steady supplies
(Montel) European gas and coal prices drifted lower in Friday afternoon trading, with participants citing ample supplies despite…
Read morePayment issues halt Russian power exports to Finland
(Montel) Rao Nordic will halt power imports from Russia to Finland from Saturday due to problems receiving payments…
Read moreSpain gas cap to lower French power prices – ministry
(Montel) Iberia’s new cap on gas prices will likely spur exports to France and reduce spot power prices…
Read moreGerman power curve remains buoyed by gas fears
(Montel) German benchmark power prices remained elevated on Friday morning despite ebbing concerns of gas supply disruptions…
Read moreEUAs flirt with EUR 90 ahead of Envi vote
(Montel) European carbon prices flirted with EUR 90/t in volatile trading on Friday ahead of a key European…
Read moreSpain, Portugal approve gas price cap at EUR 48.80/MWh
(Montel) Spain and Portugal approved on Friday a EUR 48.80/MWh cap on gas prices for power generation for…
Read moreGas prices fall amid steady Russian flows
(Montel) European gas prices dropped on Friday, correcting from Thursday’s rise driven by fears of a supply reduction…
Read moreNordic power slides on lower gas prices, wetter outlook
(Montel) Nordic power contracts close to delivery fell on Friday, correcting down from Thursday’s sharp gains driven…
Read moreRussian gas flows unchanged with “no surprises” – BNA
(Montel) Russian gas flows to Germany were last seen at expected levels, said Klaus Mueller, head of the…
Read moreENBW trading arm’s Q1 earnings soar three-fold to EUR 529m
(Montel) Earnings at ENBW’s thermal generation and trading business more than tripled in the first quarter thanks…
Read moreValorem, Enersense to build 1 GW Finnish wind by 2025
(Montel) French renewables developers Valorem and a subsidiary of Finnish energy infrastructure firm Enerense have agreed to build…
Read moreGerman spot power to rise next week on lower wind output
(Montel) German spot power prices looked set to drop next week amid lower wind and solar power…
Read moreOil rises amid continued concerns over possible Russia ban
(Montel) Oil was rising on Friday amid concerns of a possible EU ban on Russian crude exports hanging…
Read moreNo firm timeline for Russia exit – Fortum CEO
(Montel) Finnish utility Fortum said on Thursday its plans to withdraw from the Russian energy market could take…
Read moreRussian sanctions impact 33bcm/year Yamal pipeline – Gazprom
(Montel) The latest set of sanctions on EU firms will impact flows on the 33bcm/year Yamal pipeline –…
Read moreOffshore wind heavyweights vie in 1.4 GW Dutch tender
(Montel) The 1.4 GW Hollandse Kust West offshore wind tender, which closes today in the Netherlands, is pitting…
Read moreGermany may face gas “supply freeze” on sanctions – analysts
(Montel) Germany could face a gas “supply freeze” amid Russian sanctions imposed yesterday preventing state-owned Gazprom sending some…
Read moreGazprom cuts 3% of deliveries to German firms – Habeck
(Montel) Gas delivery cuts by Russia’s Gazprom to German subsidiaries have amounted to 10 mcm/day, or about 3%…
Read moreFrench renewable sector needs major overhaul – lobby
(Montel) A new French government will need to carry out a major overhaul of the country’s renewable sector…
Read moreFaurecia signs 100 MW PPAs with Engie and EDP
(Montel) French automotive parts manufacturer Faurecia has signed 15-year solar power purchase agreements (PPAs) with Engie and…
Read moreAsia-Pacific coal prices jump 12% on strong demand
(Montel) Asia-Pacific benchmark coal prices jumped 12% this week on strong demand from Europe and India coupled with…
Read moreGas prices soar following Russian sanctions
(Montel) European gas prices soared on Thursday following Russian sanctions on companies including Gazprom Germania and its importing…
Read moreEmbargoes hit Russian oil by 1m bbl/day in April – IEA
(Montel) Russia shut in nearly 1m bbl/day in April, driving down world oil supply to 98.1m bbl/day, the…
Read moreOil softens in range-bound trading, eyes on EU embargo plan
(Montel) Oil prices drifted lower in range-bound trading on Thursday as the prospect of flagging global demand outweighed…
Read moreGerman spot power to ease on more wind, lower demand
(Montel) German day-ahead power prices looked set to drop on Thursday as forecasts indicated wind power generation…
Read moreAnalysts hopeful of ruble gas payment solution
(Montel) Europe’s objection to Russia’s demand for gas deliveries to be paid in rubles is unlikely to…
Read moreVerbund hedges 36% of 2023 output at EUR 94.10/MWh
(Montel) Austrian utility Verbund had hedged 36% of its planned 2023 hydropower generation at EUR 94.10/MWh by…
Read moreRWE trading earnings jump 57% in Q1
(Montel) RWE’s trading division earnings jumped 57% in the first quarter while write-downs on Russian coal contracts…
Read moreNo excuse for Gazprom to reduce transit flows – Naftogaz
(Montel) There is “no excuse” for Gazprom to reduce gas transit flows via Ukraine, despite a halt to…
Read moreFrance extends freeze on gas tariff to end year
(Montel) France will extend a freeze on household gas tariffs until the end of the year, a…
Read moreEU fertiliser sector will need 200 TWh/year of green power
(Montel) The EU fertiliser industry would need around 200 TWh per year of renewable power to decarbonise…
Read moreGas falls as abundant supply calms fears
(Montel) European gas prices continued to lose ground in late Wednesday trading as a cut to flows via…
Read moreGas storage proposal moves step closer with EU Council nod
(Montel) EU member states have agreed on a joint mandate for negotiations with the European Parliament on proposals…
Read moreFrench winter prices surge above EUR 500 on nuclear fears
(Montel) French winter power prices surged to over EUR 500/MWh on Wednesday amid growing fears of a…
Read moreOTC gas trading volumes slump 48% in April – Leba
(Montel) Traded gas volumes in European brokered markets slumped 48% year on year in April, led by a…
Read moreMEPs look set to back 67% emissions cut
(Montel) A cross-section of European lawmakers looked set on Wednesday to support tightening the carbon market by…
Read moreGerman front-month power eases with weaker gas
(Montel) German front-month power retreated on Wednesday after jumping almost EUR 7 in the wake of a force…
Read moreGas prices see-saw as Ukraine transit fears subside
(Montel) Gas prices see-sawed on Wednesday, surging earlier as Ukraine halted some Russian transit flows to Europe but…
Read moreNorway to award licences for 1.5 GW offshore wind next year
(Montel) Norway’s government plans to award licences for 1.5 GW of offshore wind development next year as the…
Read moreNetherlands leading importer of last Russian coal to EU
(Montel) Around 45% of all coal shipped from Russian ports this month to EU destinations was destined for…
Read moreUkraine transit force majeure due to “stolen gas” – sources
(Montel) Ukraine’s decision to halt Russian gas transit flows via the Sokhranivka transit pipeline was due to pro-Russian…
Read moreNordic Q3 power drops to 1-month low on rising snowmelt
(Montel) The Nordic Q3 power contract dropped to a one-month low of EUR 72.25/MWh on Wednesday amid slightly…
Read moreUK should not cease EU GOs recognition before 2024 – Efet
(Montel) The UK should not cease its recognition of EU guarantees of origin (GOs) before 1 April 2024…
Read moreUS trims LNG export growth forecast amid high prices
(Montel) US LNG exports should rise almost 23% in 2022, 2 percentage points less than forecast last month…
Read morePoland’s installed solar capacity reaches 9.4 GW in March
(Montel) Poland added 0.6 GW solar power capacity in March, bringing the country's total to 9.4 GW, said…
Read moreAcer to set out new bidding zone options by 20 July
(Montel) EU energy regulatory agency Acer plans to decide by 20 July on which alternative bidding zone options…
Read moreBrent crude prices rebound from 2-week low
(Montel) Oil prices edged higher early on Wednesday as concerns about tightening supply helped the Brent crude benchmark…
Read moreGerman spot power to trade flat as exports offset high wind
(Montel) German day-ahead power prices looked set to trade flat on Wednesday, despite higher electricity exports, since these…
Read moreEU green power capacity jumps 30% to record in 2021 – IEA
(Montel) The EU added 36 GW of new renewable power capacity in 2021, a 30% increase from the…
Read moreProfits at Statkraft trading unit surge to EUR 457m
(Montel) The trading arm of Statkraft, Norway’s largest power producer, posted an operating profit of NOK 4.7bn (EUR…
Read moreGerman cabinet approves draft law to spur LNG use
(Montel) The German cabinet late on Tuesday approved a preliminary version for a draft law to accelerate…
Read moreEon hedges 84% of its 2022 nuclear generation at EUR 68/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 84% of its 2022 nuclear power generation by the…
Read moreUkraine gas transit pipeline to cut flows amid force majeure
(Montel) Ukraine’s gas TSO (GTSOU) has declared force majeure on Russian gas flows to Europe via a key…
Read moreGas, coal edge lower on ruble payment optimism
(Montel) European gas and coal contracts continued to edge lower on Tuesday amid soft fundamentals and mounting…
Read moreEU ETS access limits threaten climate goals – trading groups
(Montel) EU ETS access restrictions would significantly weaken the carbon market and jeopardise the EU’s ability to…
Read moreRotterdam eyes 4.6mt hydrogen hub by 2030
(Montel) The port of Rotterdam and companies in the surrounding industrial area expect to supply as much as…
Read moreGerman power front month falls to pre-invasion levels
(Montel) German front-month power prices tumbled in line with gas on Tuesday to their lowest levels since 23…
Read moreIberia gas cap fails to tackle high fuel costs – Endesa CEO
(Montel) The Iberian cap on gas prices for power generation fails to tackle spiralling fuel costs, but…
Read moreNorNed cable likely offline for at least 1 month
(Montel) The 700 MW NorNed subsea electricity cable linking the Dutch and Norwegian power markets will likely remain…
Read moreGas prices hit fresh lows on solid supply, mild weather
(Montel) European gas prices extended their losses on Tuesday, as healthy supply and mild temperatures combined with easing…
Read morePoland's PGE signs 90 GWh solar PPA with steel producer
(Montel) Poland's PGE has signed a power purchase agreement with steel producer CMC Poland for the expected 90…
Read moreSouthern Europe hits record-breaking green output in April
(Montel) Spain, Greece, Italy, and Portugal recorded unprecedented levels of renewable generation in April, energy think tank Ember…
Read moreNordic futures slide EUR 4 on weaker fuels, wet outlook
(Montel) Nordic power futures slid EUR 4 on Tuesday, extending prior losses, amid weaker fuel prices and continued…
Read moreEDF warns of nuclear output curbs on 30C hot spell
(Montel) EDF on Tuesday warned of output curbs at its French nuclear reactors due to “high” river temperatures…
Read moreRussian coal exports to Europe jump 40% since war
(Montel) Russia’s coal exports to northwest European destinations have surged more than 40% since the start of the…
Read moreGerman spot power set to drop more than EUR 20
(Montel) German day-ahead power prices looked set to fall by around EUR 21 – or 12% – as…
Read moreCez hedges 61% of 2023 power output at EUR 70.90/MWh
(Montel) Czech utility Cez had hedged 29.3 TWh, or 61%, of next year’s power production at an average…
Read moreDutch TSO signs second lease for floating LNG terminal
(Montel) TSO Gasunie has leased an 8bcm/year floating LNG import terminal for five years from US energy…
Read moreOil prices fall as EU’s Russian embargo to be watered down
(Montel) Oil prices continued their fall on Tuesday, for the second successive session, amid the EU’s possible watering…
Read moreNorway to supply record 122bcm gas this year – ministry
(Montel) Norway expects to sell a record high 122bcm of gas this year, which is up 8% from…
Read moreEC approves Iberian EUR 50/MWh gas price cap plan
(Montel) The EU executive has approved a plan by Spain and Portugal to set a temporary price cap…
Read moreIcis sees limited gas saving potential before 2030
(Montel) Europe is only likely to save 50bcm of gas per year by the end of this…
Read moreItaly adds 123 MW battery storage capacity in Q1 – lobby
(Montel) Italy’s battery storage capacity increased by 30%, or 123 MW, to 527 MW by the end of…
Read moreCO2 drops 4% on low auction price
(Montel) EU carbon prices shed almost 4% on Monday, pushed down by a relatively low auction price and…
Read moreFinancial power rights to replace physical in July – JAO
(Montel) The Joint Allocation Office (JAO) platform plans to start replacing physical power transmission rights on 10 borders…
Read moreOvik Energi halts hedging after EUR 6m loss
(Montel) Swedish utility Ovik Energi has stopped hedging future power production after posting SEK 60m (EUR 5.7m) in…
Read moreTotalEnergies starts up 25 MW battery in eastern France
(Montel) TotalEnergies has commissioned a 25 MW battery storage installation in eastern France, it said on Monday.…
Read moreSpain power spot to jump on tighter system
(Montel) Spanish spot power prices could rebound around EUR 5 this week in the face of a…
Read moreNBP plumbs 5-month low
(Montel) UK gas prices slumped to their lowest level in five months amid elevated LNG and pipeline…
Read moreAmple supply pressures coal market
(Montel) European coal prices softened in early Monday trading, with a relative abundance of near-term supply weighing on…
Read moreSpanish GOs issued in 2021 rise 12% to 122 TWh
(Montel) Spanish guarantees of origin (GO) issued in 2021 grew to 122m (122 TWh) from 109m a year…
Read moreCourt rules Leag can use mine to run lignite units
(Montel) German utility Leag’s Jaenschwalde lignite mine can continue to operate after a Berlin-based court overthrew a planned…
Read moreVerbund buys 4.6 GW renewables portfolio in Spain
(Montel) Austrian utility Verbund has acquired nearly 4.6 GW of wind and solar projects in Spain from German…
Read moreNordic power futures slip amid wetter weather, weaker gas
(Montel) Nordic power futures fell on Monday morning in response to wetter forecasts and flagging German power and…
Read moreCroatia plans further LNG, gas pipeline capacity extension
(Montel) Croatia is preparing to double the capacity of its LNG terminal to 6 bcm/y and increase gas…
Read moreChina’s coal imports grow 8.4% in April
(Montel) Chinese coal imports grew 8.4% year on year in April – and nearly 50% from the previous…
Read moreGerman spot power to drop 15% on higher wind output
(Montel) German day-ahead power prices look set to drop around EUR 32 on Monday as forecasts indicated soaring…
Read moreOil softens as EU yet to agree proposed Russian embargo
(Montel) Oil prices were falling on Monday as EU nations had yet to agree on proposals to phase…
Read moreCoal firms on tight supply
(Montel) European prompt coal prices inched up on Friday amid lingering supply tightness and despite signs of…
Read moreFrench highest court rejects union demand to suspend Arenh
(Montel) France’s Council of State has rejected a demand by energy unions to suspend sales of nuclear power…
Read moreCarbon prices flirt with 10-week high
(Montel) European carbon prices this week returned to their highest levels since Russia’s February invasion of Ukraine,…
Read moreGas prices retreat amid stable flows from Russia
(Montel) European gas prices retreated on Friday amid steady flows from Russia, although market participants said they…
Read moreEU LNG discount to TTF gas widens to record
(Montel) The price of LNG arriving in Europe has widened to a record discount to that sold on…
Read moreGermany should start conserving gas now – industry lobby
(Montel) Germany should start conserving gas now to replenish storage levels well ahead of winter and avoid rationing…
Read moreNordic power slides EUR 5 on softer gas, wet outlook
(Montel) Nordic front power contracts slid up to EUR 5 on Friday amid lower gas and German…
Read morePoland’s biggest solar farm plans 1 July start-up
(Montel) Poland’s biggest solar farm, the 203 MW Zwartowo unit in the country's north, will come online on…
Read moreRising wind, solar power to weaken German spot next week
(Montel) German spot power prices could shed more than 10% next week amid the prospect of rising…
Read moreOil prices firm on supply tightness, US buyback plan
(Montel) Oil prices traded a shade higher early on Friday, buoyed by ongoing signs of tight supply and…
Read moreUK windfall tax could deter energy investment – analysts
(Montel) A windfall tax on oil and gas companies listed in the UK could deter investment in the…
Read moreCarbon jumps to 10-week high on strong auction
(Montel) European carbon prices surged to a 10-week high on Thursday, boosted by a strong auction, short-covering, and…
Read moreAsia-Pacific coal prices remain elevated
(Montel) The Pacific basin’s leading coal index has eased 3% on the week but it remained elevated…
Read moreGerman Cal 23 power climbs to record high with CO2
(Montel) The German power Cal 23 reached a record high on Thursday, as a higher CO2 price…
Read moreOpec+ agrees 0.432m bbl/day supply boost for June
(Montel) Opec and its Russia-led partners agreed on Thursday to boost oil supply in June by 0.432m bbl/day,…
Read moreAccelerating EUA auction fund will boost renewables – Icis
(Montel) Proposals to accelerate the sale of EUAs that make up a so-called EU innovation fund would speed…
Read moreGO prices gain on low liquidity, poor hydro
(Montel) European hydro guarantee of origin (GO) prices rose in the week to Thursday amid low liquidity and…
Read moreGermany seals deals for four floating LNG terminals
(Montel) Germany has sealed deals for four floating LNG terminals, with the first expected to commence operations…
Read moreGazprom plans to use part of NS2 to supply northwest Russia
(Montel) Russia state-owned energy firm Gazprom is planning to use part of the defunct Nord Stream 2…
Read moreAxpo signs 165 MW Polish wind PPA
(Montel) Swiss utility Axpo has signed a two-year power purchase agreement (PPA) with renewable energy firms Mirova and…
Read moreRenewables cover half of German power demand in Q1
(Montel) Renewable energy covered half of Germany’s power demand in this year’s first quarter, up 9 percentage points…
Read moreEesti Energia's power output jumps 31% as profit doubles
(Montel) Estonia’s state-owned power producer Eesti Energia posted a 31% year-on-year rise in power production for the first…
Read moreShell’s LNG sales jump 12% in Q1, profits triple to USD 9bn
(Montel) Shell’s LNG sales in the first quarter jumped 12% on the year, with soaring global demand and…
Read moreGerman gas hub launches tender to refill stocks
(Montel) German gas market operator Trading Hub Europe (THE) will launch a tender next week aimed at refilling…
Read moreRussia may halt gas flows to France end of May – Engie CEO
(Montel) A stoppage of Russian gas flows to France is “plausible” when the next payments are due at…
Read moreBrent hovers above USD 111/bbl on EU plan to ban Russian oil
(Montel) Oil prices extended two-week highs early on Thursday after the European Commission in the previous session announced…
Read moreItaly, Spain windfall tax has “neglible impact” – Enel
(Montel) A windfall profit tax introduced last year in Spain and more recently in Italy had a “negligible…
Read moreEstonian, Finnish TSOs sign deal for floating LNG terminal
(Montel) TSOs Elering and Gasgrid Finland on Wednesday signed a cooperation agreement for the joint lease and management…
Read moreEDF fined EUR 0.5m for breach of insider-trading rules
(Montel) France’s CRE energy regulator has fined utility EDF and its trading arm EUR 550,000 for breaching insider-trading…
Read moreSupply fears support gas, carbon slides
(Montel) European gas prices were rising in Wednesday afternoon trading amid persistent concerns of disruption to Russian supply…
Read moreNorway may export record gas this year – Gassco CEO
(Montel) Norway may export record volumes of gas this year as it steps up efforts to help plug…
Read moreEU gas system adjusts to curb dependence on Russian flows
(Montel) Europe’s gas supply system is gradually adjusting to a market of decreasing reliance on Russia amid east-bound…
Read moreGermany’s days of cheap gas are over – official
(Montel) Germany will never see a return to cheap natural gas even after Russia’s war in Ukraine…
Read moreGerman power Cal 23 hits record with gas price jump
(Montel) Contracts along the German power curve rose on Wednesday amid a surge in gas prices after the…
Read moreFingrid plans new cross-border links to Sweden and Estonia
(Montel) Finnish TSO Fingrid is planning to build new cross-border connections to Sweden and Estonia in the early…
Read moreTTF gas front month gains EUR 7 amid oil sanction plan
(Montel) European gas front-month contracts extended gains on Wednesday following the EU’s proposed crude oil ban, while declining…
Read moreNordic Q3 power marks fresh record high on gas "fear factor"
(Montel) Nordic power futures jumped near EUR 4 on Wednesday, with Q3 hitting a fresh record high amid…
Read moreVattenfall considers sale of Berlin heating business
(Montel) Vattenfall is considering a divestment of its heating business in Berlin as one option for the…
Read moreGas is overpriced given supply fundamentals – analysts
(Montel) European gas prices are higher than justified under current fundamentals – amid ample gas flows to the…
Read moreAdriatic LNG mulls raising capacity by 22% to 11bcm in 2025
(Montel) Italy’s Adriatic LNG terminal is assessing a potential 22% increase in annual regasification capacity to 11bcm in…
Read moreGerman spot power eases slightly with more wind
(Montel) German day-ahead power prices looked set to ease slightly on Wednesday as a rise in wind…
Read moreEC aims to ban Russian crude imports within 6 months
(Montel) The European Commission will propose to end Russian crude oil imports to the EU within six months…
Read moreEDF Trading posts 39% rise in revenue on soaring prices
(Montel) EDF’s trading arm saw its first-quarter revenue soar 39% year on year to EUR 563m amid…
Read moreNew LNG terminals unnecessary for Russian gas exit – study
(Montel) Europe can dispense with Russian gas imports by 2025 without new or revived plans for LNG…
Read moreOil prices rise as EU weighs phased embargo on Russian oil
(Montel) Oil prices rose early on Wednesday as the EU looked set to impose a phased embargo on…
Read moreEquinor gas sales rise 6% in Q1 amid record profits
(Montel) Norwegian oil and gas major Equinor sold 16.5bcm gas in the first quarter, up 0.9bcm year on…
Read moreCarbon, coal lead energy gains
(Montel) European carbon prices looked set to end the session 6% higher on Tuesday following a strong…
Read moreNordic futures jump 5% as spot hits year high
(Montel) Nordic power futures soared on Tuesday afternoon following the highest system price since 22 December, exacerbated…
Read moreIberian gas cap will not stop green investment – Galp
(Montel) Power prices in Iberia will remain "very attractive" for green projects from Portuguese firm Galp, despite…
Read moreSupply chains can meet clean energy goals – Rystad
(Montel) Global supply chains – roiled by a pandemic and war – were still poised to deliver…
Read moreItaly needs 6 months of Russian gas to refill stocks
(Montel) Italy would need an additional six months of Russian gas imports to refill its stock up to…
Read moreInvestment key to creating hydrogen market – Vattenfall
(Montel) The creation of liquidity in the European hydrogen market relies on attracting investment to a sector still…
Read moreGerman power curve recovers on gas, carbon boost
(Montel) The German power curve bounced back on Tuesday from losses, supported by renewed strength in the gas…
Read moreIberian intervention “jeopardises power market” – Efet
(Montel) The plan to set a cap on Iberian gas prices for power generation “jeopardises the future” of…
Read moreEuropean LNG imports fall 4.8% in April
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 4.8% month on month in April to near…
Read moreEU must expand gas interconnectors with LNG growth – traders
(Montel) Increased gas interconnector capacity, in tandem with LNG import facilities, is required for landlocked European countries to…
Read moreEU can virtually end Russian gas imports by 2027 – analyst
(Montel) Europe will only see a meaningful decline in Russian gas imports from mid-decade due to limited alternatives…
Read moreGas prices flat as robust flows offset Russia concerns
(Montel) European gas prices were range-bound on Tuesday, as a potential impact on supplies from fresh pressure on…
Read moreBP posts USD 20bn Q1 loss on Russian exit
(Montel) UK energy giant BP was hit by a USD 20bn loss in the first quarter due to…
Read moreUniper’s trading unit hit by EUR 618m loss amid war fallout
(Montel) Uniper’s trading unit Global Commodities suffered a EUR 618m loss in earnings in the first quarter, the…
Read moreItaly plans green growth, energy rationing to nix Russia gas
(Montel) Italy is planning to accelerate the deployment of renewable energy, while also limiting heating and cooling in…
Read moreFortum books EUR 2bn impairments on Russia operations in Q1
(Montel) Finnish energy group Fortum has booked pre-tax impairments of around EUR 2.1bn related to its Russian operations…
Read moreItaly raises windfall tax to 25% to fund energy package
(Montel) The Italian government has raised a windfall tax on some energy companies to 25% from the previously…
Read moreOil trades flat but EU Russian crude ban looms
(Montel) Oil was trading flat on Tuesday but a potential EU ban of Russian crude imports was set…
Read moreGermany looks to neighbours to tackle winter supply crunch
(Montel) Germany TSOs are seeking 1.4 GW of extra power capacity from neighbouring countries in a bid to…
Read morePoland appeals for EU unity on rejecting ruble gas payments
(Montel) Poland will appeal to other countries not to accede to Russian demands to convert their euro or…
Read moreRosatom slams Finnish decision to stop reactor plans
(Montel) Russian nuclear power supplier Rosatom has criticised Finnish consortium Fennovoima’s termination of a reactor supply contract and…
Read moreGerman power curve prices drop amid weaker gas
(Montel) German power fell on Monday along with weaker gas prices and more renewables output, but risks remain…
Read moreFrance’s Engie to import 1.75 Mt/year of LNG from Texas
(Montel) France’s Engie plans to buy 1.75 million tons per year (Mtpa) of LNG during 15 years…
Read moreFennovoima reactor plan still alive – CEO
(Montel) Finland’s Fennovoima has yet to definitively axe its plan to build a nuclear plant, though it has…
Read moreSpanish power to drop as market awaits gas cap
(Montel) Spanish spot power prices looked poised to fall this week amid higher wind and nuclear supply,…
Read moreNordic June and Q3 power fall on warmer weather outlook
(Montel) The Nordic June and Q3 power contracts fell largely on the back of warmer weather forecasts on…
Read moreGas begins to flow on 2.4bcm Poland-Lithuania link
(Montel) Gas has begun to flow on the 2.4bcm GIPL pipeline connecting Poland to Lithuania, Poland's climate minister…
Read moreGazprom gas exports to Europe fall 27% in Jan-April
(Montel) Gazprom's gas exports to Europe dived 27% in the first four months of the year, the Russian…
Read moreRegulators urge caution on binding gas stock level rules
(Montel) Energy regulators want policymakers to ensure any binding gas storage level rules to mitigate potential supply threats…
Read moreEDF issues 24-hour strike warning from 21:00 CET
(Montel) EDF issued a “strike notice” on Monday warning of 24 hours of industrial action.…
Read moreGERMAN – Spot to edge down on higher wind output
(Montel) German day-ahead power prices look set to ease around EUR 3 on Monday as forecasts indicated rising…
Read moreFennovoima severs 1.2 GW reactor contract with Rosatom
(Montel) Finnish nuclear developer Fennovoima has terminated its contract for the supply of a 1.2 GW reactor with…
Read moreOil prices slip on China slowdown concerns
(Montel) Crude oil prices traded lower on Monday, as concerns of slowing economic growth in China outweighed fears…
Read moreCutting Russian gas to 10% requires "major effort" – Habeck
(Montel) Germany has already started to cut back on Russian gas imports but a further reduction to 10%…
Read moreEni has not opened a ruble bank account – CFO
(Montel) Italian energy company Eni has not opened a ruble bank account and continues to assess the situation…
Read moreVattenfall to adjust hedging strategy following losses
(Montel) Vattenfall will adopt a new price hedging strategy with more exposure to spot prices because it reckons…
Read moreGerman front-month power eases with warmer outlook
(Montel) German front-month power prices retreated on Friday with expectations of warmer weather but ongoing concerns about Russian…
Read moreCarbon to remain volatile, sensitive to gas markets
(Montel) European carbon prices were rising on Friday and recovering some of the losses seen earlier in the…
Read moreGas curve inches down amid steady Russian flows
(Montel) TTF gas curve prices inched down on Friday, as the market awaited new signals amid stable…
Read moreOMV seeks “solutions” to continue buying Russian gas
(Montel) Austrian energy firm OMV is “developing solutions” in order to meet EU sanctions so it can continue…
Read moreNordic power market drifts sideways on mixed signals
(Montel) Nordic May and Q3 power rose on Friday, after trading down earlier in the session in line…
Read moreOrsted rejects call to pay for Russian gas in rubles
(Montel) Danish energy group Orsted reiterated on Friday it has no plans to pay for Russian gas in…
Read moreAcer defends power market design, targets gas price
(Montel) The EU’s power market works well and governments should focus on tackling the current “exceptional” high gas…
Read moreEni’s Q1 gas output drops 2% but gas sales, earnings jump
(Montel) Italian energy firm Eni’s global gas production fell 2% year on year to 4,638m cubic feet/day (48bcm/year)…
Read moreGerman spot power to drop EUR 16 as green output rises
(Montel) German spot power prices looked set to drop around EUR 16 next week amid expectations of…
Read moreGreenvolt signs 15-year PPA with T-Mobile in Poland
(Montel) Portuguese renewable energy firm Greenvolt has signed a 15-year green power purchase agreement (PPA) with telecoms…
Read moreBulgaria uses EU resources to react to Russian gas cuts
(Montel) Bulgaria will use the European Commission’s help to react to Russia’s gas supply cuts, starting with a…
Read moreGermany to scrap EEG green power levy from July
(Montel) Germany will scrap its green power levy from July in a bid to reduce electricity costs for…
Read moreOrsted posts EUR 215m hedging loss due to project delay
(Montel) Danish energy group Orsted posted a DKK 1.6bn (EUR 215m) loss from hedging in the first quarter…
Read moreVattenfall’s Q1 trading results plunge 98%
(Montel) Vattenfall on Friday reported a 98% year-on-year drop in first-quarter operating profit from trading operations to SEK…
Read moreCrude prices rise on potential EU embargo of Russia oil
(Montel) Crude oil was higher early on Friday, as market participants considered the possibility of EU sanctions…
Read moreCarbon gains on strong technical support
(Montel) European carbon prices gained slightly on Thursday on strong technical support and compliance-buying.…
Read moreTwo-step Russian gas payments breach EU sanctions – EC
(Montel) Paying for Russian gas supplies in a two-step process involving converting euros or dollars to rubles to…
Read moreRepsol’s green plans on track despite higher costs – CEO
(Montel) Increasing material costs for renewables projects will not derail Repsol’s green developments, as higher prices from power…
Read moreTotalEnergies earnings triple to EUR 9bn on record LNG sales
(Montel) French energy company TotalEnergies saw its Q1 adjusted net income triple year on year to EUR 9bn…
Read moreGas prices could rise 50% on full Russia stop – Rystad
(Montel) European gas prices could rise by more than 50% from current levels just above EUR 100/MWh if…
Read moreGas prices decline amid less fear of Russia supply cuts
(Montel) European gas contracts declined on Thursday, as the market “sobered up” in the wake of Russia’s…
Read moreSwiss MET buys 263 MW solar portfolio in Italy and Spain
(Montel) Swiss energy firm MET Group has expanded its European renewable energy portfolio by buying 213 MW…
Read moreAsia-Pacific coal prices rise as China to drop import tax
(Montel) Asia-Pacific benchmark coal prices remained well supported this week amid persisting demand from European buyers seeking non-Russian…
Read moreEU LNG discount to TTF gas at widest in 2 years
(Montel) LNG prices to the EU are at the widest discount in at least two years – near…
Read moreWintershall Dea maintains Russian ventures despite losses
(Montel) German oil and gas company Wintershall Dea will maintain its joint ventures in Russia to ensure European…
Read moreGlencore raises coal output 16% in Q1
(Montel) Anglo-Swiss trading and mining firm Glencore raised coal production by 4m tonnes – or 16% – in…
Read moreRussian gas sales to EU jump 20% since war – report
(Montel) Russia’s revenue from gas, coal and oil exports has soared to EUR 63bn since its invasion of…
Read moreTotalEnergies books USD 4.1bn charge on Arctic LNG 2
(Montel) TotalEnergies booked a USD 4.1bn impairment charge in the first quarter on its Arctic LNG 2…
Read moreAlgeria warns Spain against diverting gas to Morocco
(Montel) A redirection of Algerian gas volumes contracted by Spain to third parties could mean a breach of…
Read moreItalian battery market needs regulatory overhaul – experts
(Montel) An overhaul in the regulatory framework for battery storage will be key to unleashing the full potential…
Read moreSwedish regulator refers 70% capacity exemption to Acer
(Montel) The Swedish energy regulator believes TSO Svenska Kraftnat should be given an exemption to EU rules on…
Read moreAustria aims to end Russian gas imports by 2027
(Montel) Austria aims to end Russian gas deliveries by 2027, energy minister Leonore Gewessler said on Wednesday.…
Read moreSpanish power forwards drop to EUR 150 on gas cap
(Montel) Spanish power futures dropped as much as EUR 50 on Wednesday to around EUR 150/MWh, which traders…
Read moreRussian gas stop would cause German “recession” – Habeck
(Montel) A halt to Russian gas imports to Germany would drive the country’s “economy into a recession”, German…
Read morePoland, Bulgaria receiving gas from EU neighbours
(Montel) Poland and Bulgaria are receiving gas supplies from its EU neighbours, the European Commission said on Wednesday. …
Read moreGerman companies will pay Russian gas in euros – ministry
(Montel) German gas importers will continue to pay their Russian deliveries in euros, not rubles, said a government…
Read moreEU gas storage injections poised to spike – experts
(Montel) European gas storage injections could jump on Thursday, even as spot prices soar, as shippers race to…
Read moreGerman power jumps EUR 40 as Russia turns off taps
(Montel) German front-month power jumped up to EUR 43 on Wednesday in the wake of Russia’s halt of…
Read moreIberian gas price cap “not justified” – Iberdrola CEO
(Montel) The EUR 50/MWh cap on power-generation gas agreed by Spain, Portugal and Brussels “is not justified”,…
Read moreItaly “playing trader” in state-backed PPA move – expert
(Montel) A measure put in place by the Italian government to offer electricity prices to consumers through long-term…
Read moreGerman ministry “concerned” over Russia gas supply cut
(Montel) Germany’s economy ministry was “concerned” about Russia’s move to cut gas deliveries to Poland and Bulgaria…
Read moreRussia’s gas stoppages aimed at “soft targets” – analysts
(Montel) Russia’s decision to halt gas exports to Poland and Bulgaria has spooked market participants although both destinations…
Read moreNordic power futures jump 5% on Russian gas cuts
(Montel) Nordic power futures rose 5% on Wednesday after cuts in Russian gas supplies to some European countries…
Read moreEU plans coordinated response to Russian gas cuts – EC
(Montel) The EU is working on a coordinated response to a decision by Russia’s Gazprom to cut gas…
Read moreUniper hopes to resolve ruble issue with Gazprom
(Montel) German utility Uniper still hopes to resolve ruble payment issues with Russian gas giant Gazprom despite Russia’s…
Read moreGas prices spike as Russia cuts off Poland, Bulgaria
(Montel) European gas prices spiked more than EUR 20 in early Wednesday trading as Russia’s decision to halt…
Read moreDutch floating LNG facility gets EUR 160m guarantee
(Montel) The Dutch government has agreed to support Gasunie’s charter of a floating LNG terminal with a EUR…
Read moreGerman spot power to jump 10% on gas price surge
(Montel) German day-ahead power prices looked set to gain more than 10% on Wednesday, as spot gas…
Read moreOil prices rise as Russian geopolitical tensions escalate
(Montel) Oil prices rose early on Wednesday amid rising geopolitical tensions related to Russia’s war on Ukraine and…
Read moreRussia stops gas flows to Poland, Bulgaria – Gazprom
(Montel) Russia halted gas exports to Poland and Bulgaria early on Wednesday, and reduced transit volumes to…
Read moreUniper books EUR 3bn net loss on Nord Stream 2, Russian unit
(Montel) German utility Uniper’s was hit by a EUR 3bn net loss in the first quarter, with its…
Read moreRussia to stop gas flows to Bulgaria – ministry
(Montel) Russian will halt gas exports to Bulgaria, due to its failure to pay for supplies in rubles,…
Read moreRussia to halt gas exports to Poland – PGNiG
(Montel) Russia will halt gas exports to Poland from Wednesday due to its decision not to pay in…
Read moreItalian grid to struggle with fast green growth – experts
(Montel) The Italian power grid may not be ready to accommodate an acceleration of new green capacity as…
Read moreCoal prices drop 7% as stocks grow
(Montel) European coal prices dropped by nearly 7% in Tuesday trading, as growing stocks and increasingly aggressive offers…
Read moreIberia and EC agree EUR 50 cap on gas for power output
(Montel) Spain and Portugal agreed with the European Commission to set a temporary Iberian price cap of…
Read moreGerman curve contracts slide EUR 5 on weaker fuels
(Montel) German power contracts slid nearly EUR 5 on Tuesday amid weaker energy prices, with the latter…
Read moreNew UK substation to deliver 2 GW renewable energy
(Montel) National Grid’s newly connected 400 kV substation, located in southeast England, is set to deliver 2 GW…
Read moreKey ETS lawmaker sees support for higher carbon cuts
(Montel) A majority in the European Parliament’s environment committee supports higher carbon cuts for industry and power covered…
Read more1 GW Spain-Portugal interconnector gets environmental nod
(Montel) Spain has granted an environmental permit to a new EUR 55m, 1 GW power link with…
Read moreMay gas stabilises despite stocks, Russia flows rise
(Montel) The TTF gas front month was slightly higher on Tuesday after edging down earlier amid storage sites…
Read moreFinland’s TVO investigates OL3 coolant pump incident
(Montel) Finnish nuclear operator TVO is investigating why coolant pumps at the 1.6 GW Olkiluoto 3 reactor started…
Read moreDenmark slams intraday plan to implement 70% rule
(Montel) The Danish utilities regulator on Tuesday criticised a proposal by EU regulatory agency Acer that would allow…
Read moreSpain has 20bcm of regasification available for the EU – TSO
(Montel) Spain has around 20bcm/year of natural gas in surplus at its six regasification plants that could replace…
Read moreCoal plant capacity under development drops 13% in 2021
(Montel) Global coal plant capacity under development declined 13% in 2021, but significant capacity – equivalent to the…
Read moreEngie hedges 86% of 2022 power at EUR 67/MWh
(Montel) Engie hedged 86% of its expected nuclear and hydropower output this year in France and Belgium…
Read moreEngie confirms near EUR 1bn loss from Nord Stream 2
(Montel) French utility Engie has booked a EUR 987m loss over its stake in the blocked Nord…
Read moreGerman spot power to ease EUR 5 on higher solar output
(Montel) German day-ahead power prices looked set to shed around EUR 5 as forecasts showed an increase in…
Read moreOil stabilises as China pledges support for economy
(Montel) Oil prices were stabilising on Tuesday, after a 4% fall yesterday, with China – the world’s second…
Read moreEU ETS verified emissions climb 7.3% in 2021 – EC
(Montel) Verified emissions from stationary installations – power plants and manufacturing installations – obliged to participate in the…
Read moreIUK extends outage by a day, limits UK gas exports to EU
(Montel) An unplanned outage on the IUK interconnector between the UK and Belgium, which is hampering gas flows…
Read moreRotterdam coal imports rise 3.5% in Q1
(Montel) Europe’s largest port, Rotterdam, handled 3.9m tonnes of coal imports in the first quarter amid stronger generation…
Read moreCarbon drops 7% amid lockdown fears
(Montel) European carbon prices fell around 7% on Monday, mainly in response to weaker stock markets hit by…
Read moreNew coal supply routes to take months to settle – Euracoal
(Montel) The establishment of new coal trade supply routes to Europe will still take “some months” to…
Read moreGerman May power edges up on gas gains, low wind
(Montel) German front-month power edged higher on Monday, boosted by a stronger gas market and low wind supply…
Read moreSpain spot power to jump EUR 100 as wind wanes
(Montel) Spanish electricity spot prices could jump up to EUR 100 on average this week as wind…
Read moreTTF front-month gas rises on outages, cool outlook
(Montel) The benchmark TTF front-month gas contract on the Dutch TTF hub was rising on Monday amid a…
Read moreLNG Weekly – European LNG imports fall 16%
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 16% last week to almost 2.6bcm, although another…
Read moreMove to replace Russian supply boosts coal prices
(Montel) European coal prices would likely remain supported this week, as European generators continued to seek non-Russian material…
Read moreNordic power futures rise on cool, dry weather outlook
(Montel) Nordic power prices rose on Monday as forecasts for relatively cool and dry weather raised the prospect…
Read moreFirst Dutch floating LNG plant set to arrive in August – TSO
(Montel) The Netherlands will receive its first floating LNG plant, at Eemshaven in Groningen, in early August…
Read moreBelgium’s largest battery storage (100 MW) set for Q3 launch
(Montel) French battery developer Corsica Sole will begin operations at Belgium’s largest battery storage plant (100 MW)…
Read moreGerman spot power to rise 9% as wind output drops
(Montel) German day-ahead power prices looked set to rise around 9.4% on Monday as forecasts showed wind generation…
Read moreOil slides USD 3 as China’s Covid lockdown persists
(Montel) Oil prices fell up to USD 3 on Monday as lockdowns to help contain Covid-19 persisted in…
Read moreMacron wins election, vows to boost nuclear, renewables
(Montel) Incumbent French president Emmanuel Macron, who ran on a ticket to boost nuclear and renewable energy, was…
Read moreNord Stream 2 will never receive operational permit – Berlin
(Montel) The contested German-Russian Nord Stream 2 gas pipeline project will not receive the necessary permits to operate…
Read moreDutch to ban Russian energy imports by year end
(Montel) The Dutch government plans to ban Russian energy imports by year end due to the latter’s war…
Read moreCO2 hits 2-month high, eyes EUR 90/t
(Montel) European carbon prices hit a two-month high on Friday and neared the EUR 90/t threshold amid a…
Read moreGerman Cal 23 power extends record on rising carbon, gas
(Montel) The German power front-year contract rose to extend its record on Friday, supported by gains in the…
Read moreSwedish, Finnish TSOs plan 65 TWh/year hydrogen pipeline
(Montel) The gas TSOs in Sweden and Finland plan to build a 1,000km hydrogen pipeline that could handle…
Read moreFingrid to cut Russian import capacity by 400 MW
(Montel) Finnish TSO Fingrid plans to curb power import capacity from Russia by 400 MW on a permanent…
Read moreFrance faces choice between green or nuclear-only future
(Montel) French voters go to the polls in Sunday’s presidential election faced with a choice between more…
Read moreGas curve falls amid profit-taking, volatility
(Montel) Dutch TTF gas prices eased along the curve on Friday, as traders took profits after Thursday’s “steep”…
Read moreEUAs move higher after breaking out of trading range
(Montel) European carbon prices continued climbing on Friday after breaking out of a six-week trading range earlier this…
Read moreNordic power front rises on cold outlook, poor wind
(Montel) Nordic near-term power futures rose on Friday amid colder weather forecasts and relatively poor wind across…
Read moreFinnish power retailer posts EUR 45.5m loss on hedging
(Montel) Lumme Energia, the retail power arm of regional Finnish utility Suur-Savon Sahko, reported its loss widened to…
Read moreLNG influx drives TTF premium over Spain, UK, France
(Montel) European benchmark Dutch TTF prices have risen to significant premiums versus their Spanish, UK and French counterparts,…
Read moreSpain gas trading volumes jump 12% in 2021
(Montel) Wholesale gas volumes traded at Spain’s PVB hub jumped 11.5% year on year to a total…
Read moreGermany to see cool start to May with limited wind
(Montel) Germany was expected to see cool, dry weather to the end of April and early May, with…
Read moreEurope flow-based market coupling set for 8 June launch
(Montel) TSOs and power exchanges in 13 European countries will introduce flow-based power market coupling on 8…
Read moreEngie faces near EUR 1bn loss over Nord Stream 2
(Montel) French utility Engie is set to book a EUR 987m loss from its investment in the…
Read morePGNiG’s LNG imports surge 34% in January-March
(Montel) Polish gas monopoly PGNiG imported 1.1bcm of LNG in the first quarter, a 34% jump from the…
Read moreGerman spot power eyes 35% rise next week as wind to plunge
(Montel) German spot power prices looked set to jump 35% next week amid expectations of plunging wind…
Read moreCrude prices fall despite ongoing supply unease
(Montel) Crude oil was lower early on Friday despite persistent supply worries due to the war in…
Read moreCoal, gas continue rise on supply fears
(Montel) European coal and gas prices were rising on Thursday amid concerns around Russian energy supply disruptions amid…
Read moreNordic TSOs complete simulation to improve power market
(Montel) The Nordic TSOs have finalised a nodal power price simulation for 2025 which aims to alleviate…
Read moreSpain hopes to launch LNG re-export facility this year
(Montel) Spain’s government is hoping to launch the idled El Musel LNG facility this year to help…
Read moreGermany starts gas data collection under emergency plan
(Montel) Germany’s BNA network agency has begun data collection from all gas network operators as part of a…
Read moreRussian Black Sea coal exports decline as risk premiums soar
(Montel) Coal exports from Russian Black Sea ports have declined 14% so far this month, amid surging vessel…
Read moreKorea's KHNP offers to build Poland’s first reactor by 2033
(Montel) Korea Hydro & Nuclear Power (KHNP) has offered to build 8.4 GW of nuclear power in Poland,…
Read moreGerman Cal 23 power hits fresh high on fuels rally
(Montel) The German Cal 23 power contract hit a new record high on Thursday amid rallying fuels prices.…
Read moreGas prices jump on Norwegian outages, low Russian flows
(Montel) European gas prices rose in midday trading on Thursday, buoyed by relatively low flows from Norway –…
Read moreFinnish power prices could jump 30% on Russia ban – Volue
(Montel) Finnish power prices could jump 30%, or EUR 17, on average next year if the country banned…
Read moreLe Pen’s “nuclear-only strategy not viable” – Macron
(Montel) France’s presidential candidates have clashed in a live TV debate, with incumbent Emmanuel Macron slamming far-right…
Read moreNorwegian firm eyes 2 TWh green ammonia plant
(Montel) Norwegian developer Fuella is planning to build a green ammonia plant in the north of the country…
Read moreNordic front-year power extends contract high
(Montel) Nordic power for delivery next year hit a fresh contract high on Thursday amid expectations of…
Read moreGerman spot power set to dive 18% on more wind
(Montel) German day-ahead power prices looked set to fall around 18% on Thursday as forecasts indicated wind…
Read moreEngie eyes EDF renewables arm in event of nationalisation
(Montel) French energy company Engie is considering taking over rival EDF’s renewables arm should the latter be…
Read moreBHP’s thermal coal output slides 13% in January-March
(Montel) BHP reduced thermal coal production 13% on the year in January-March due to adverse weather conditions and…
Read moreOil prices rise on flagging Russian output, US crude stocks
(Montel) Oil prices rose in early Thursday trading amid signs of weakening Russian output, with Germany signalling it…
Read moreCarbon surges to near 8-week high
(Montel) The carbon benchmark streaked to near an eight-week high on Wednesday after news of potential EU market…
Read moreGerman power can be secure without Russian gas – study
(Montel) Germany could cover its power consumption without Russian gas at short notice while maintaining national coal and…
Read moreGerman front-year power nears record high as coal jumps
(Montel) The German Cal 23 power contract neared its record high on Wednesday as coal prices jumped, while…
Read moreCO2 jumps EUR 6 to top EUR 86/t on compliance, technicals
(Montel) European carbon prices jumped EUR 6 to top EUR 86/t on Wednesday, breaking well clear of a…
Read moreAmazon plans 340 MW green growth in Spain, France
(Montel) Tech giant Amazon is planning 340 MW of new investments in wind and solar projects in…
Read moreDenmark proposes additional EUR 50/t carbon fee
(Montel) Danish companies subject to the EU ETS should pay an additional DKK 375/t (EUR 50/t) CO2 fee…
Read moreGas prices rise on Norway outage, Russia concerns
(Montel) European gas prices were rising on Wednesday after Norway slashed supply due to a scheduled outage, while…
Read moreSouth Africa coal exports to EU jump 10-fold in April
(Montel) South Africa’s coal exports to EU destinations have surged 10-fold so far this month versus the same…
Read moreNestle signs 50 MW Spanish solar PPA with BayWa
(Montel) Food giant Nestle has signed a 10-year power purchase agreement (PPA) with German renewables developer BayWa for…
Read moreFrance-Italy cable (1.2 GW) full operations set for Q3 – TSO
(Montel) The 1.2 GW France-Italy Savoie-Piedmont interconnector, which will start up at half of capacity at the beginning…
Read moreNORDIC – Front slides on increased weather uncertainty
(Montel) Nordic power front contracts dropped on Monday, as weather forecasts turned more uncertain and spot prices were…
Read moreStatkraft signs 300 GWh PPA with cement producer
(Montel) Statkraft has signed a 300 GWh, 10-year renewable power purchase agreement (PPA) with German cement firm Opterra…
Read moreMoody’s raises US gas price guidance on growing EU demand
(Montel) Ratings agency Moody’s has raised its medium-term gas price guidance range by USD 0.50/MMBtu (EUR 1.58/MWh) on…
Read moreGerman spot power to ease EUR 10 as wind strengthens
(Montel) German day-ahead power prices looked set to ease near EUR 10 on Wednesday, amid a forecast…
Read moreSSE buys 3.9 GW wind portfolio from Siemens Gamesa
(Montel) UK energy firm SSE has agreed to buy a 3.9 GW onshore wind power portfolio in southern…
Read moreOil prices edge up following Tuesday’s 5% plunge
(Montel) Oil prices rebounded on Wednesday morning following the previous session’s sharp drop, as renewed supply concerns outweighed…
Read moreCoal slips as supply improves
(Montel) European nearby coal prices softened in Tuesday trading amid signs of growing regional supply – despite looming…
Read moreEDF finds indications of possible corrosion on 4 reactors
(Montel) EDF has said it found indications of possible stress corrosion on the auxiliary circuits of four French…
Read moreSpanish spot power hits 6-month low on strong renewables
(Montel) Spanish baseload power for Wednesday settled at EUR 85.19/MWh, its lowest level since late October, amid…
Read moreGerman Cal 23 power rises with firm coal prices
(Montel) Germany’s benchmark power contract rose on Tuesday amid a buoyant coal market and lingering concerns about energy…
Read moreGas curve dips as market waits, flows rise
(Montel) European front-month gas prices continued to drop on Tuesday amid a lack of major announcements relating to…
Read moreSpanish spot power set to slump EUR 30 as gas hits year low
(Montel) Spanish spot power prices could slump more than EUR 30 on average this week as gas prices…
Read moreEU coal terminal stocks rise to 4.5-month high
(Montel) Coal inventories at northwest European ports have risen 15% on the week to their highest since early…
Read moreNordic Q3 power hits fresh high on cold, dry weather outlook
(Montel) Nordic power futures jumped on Tuesday – with the front quarter contract hitting a new record high…
Read moreEurope may face LNG glut as global demand wanes – analysts
(Montel) Europe could see a glut in LNG until summer amid weaker global demand, especially in China and…
Read moreNorway’s March gas exports hit record high 10.2bcm
(Montel) Norway exported 10.2bcm of natural gas through pipelines to other European destinations in March, a new monthly…
Read moreOil prices remain elevated on Russian supply concerns
(Montel) Oil was trading flat on Tuesday but prices remained elevated as concerns around Russian supply persisted with…
Read moreDenmark to quadruple renewables output by 2030
(Montel) Denmark’s government aims to quadruple its annual power output from wind and solar plants by 2030 in…
Read moreEurope gas consumption to fall 6% this year on war – IEA
(Montel) European gas consumption is set to fall 6% in 2022 year on year due to Russia’s ongoing…
Read moreGas demand from Italy's industrial sector slides 10%
(Montel) Gas demand from the Italian industrial sector slid 10% year on year in March to 12.4 TWh,…
Read moreSupply unease underpins European coal prices
(Montel) European coal prices were little changed in Thursday trading as an imminent sanction-related halt to Russian supply…
Read morePutin says gas can be bought in euros – Austrian chancellor
(Montel) Russia will continue to supply gas, even if payment is made in euros, Russian president Vladimir Putin…
Read moreGerman power curve tumbles up to EUR 5 with gas fall
(Montel) German curve power contracts fell up to EUR 5 on Thursday pressured by falling gas prices as…
Read moreUK front-month gas drops to lowest point since invasion
(Montel) European gas prices fell on Thursday, with the UK front month hitting its lowest point since Russia’s…
Read moreSwiss power demand rises 4.3% in 2021 amid recovery
(Montel) Switzerland’s net power demand rose 4.3% on the year to 58.1 TWh in 2021 due to its…
Read moreBritish gas demand could be 7% higher this summer – TSO
(Montel) British gas demand is likely to be nearly 7% higher this summer versus the same period last…
Read moreGerman spot power set to dive 23% amid more wind
(Montel) German day-ahead power prices looked set to fall around EUR 52 on Thursday as forecasts indicated higher…
Read moreAsia-Pacific coal prices hit 1-month high
(Montel) Asia-Pacific benchmark coal prices have risen to one-month highs as European buyers continue to scour the global…
Read moreOil prices slip on US stock build but concerns persist
(Montel) Oil prices eased in early Thursday trading as some rise in US inventories offset persisting concerns of…
Read moreHigh gas prices deter Italian storage injections – analysts
(Montel) Spiralling spot gas prices currently above levels for those next winter are deterring storage injections at Italian…
Read moreDutch mull doubling green H2 target to 8 GW by 2030
(Montel) The Dutch government is considering doubling the country’s current green hydrogen target for 2030 from 4…
Read moreGerman front-year power hits 3-month high on war tensions
(Montel) German power for delivery next year rose to EUR 201.75/MWh on Wednesday, the highest since December last…
Read moreCrucial French EPR report 4 months late – regulator
(Montel) France’s ASN does not expect utility EDF to submit its plans to reinforce fuel-rod grids on its…
Read moreNordic power prices edge up as market jitters continue
(Montel) Nordic power futures edged higher on Wednesday, though the Q3 was just off yesterday’s record high, as…
Read moreSurging renewables demand outstrips supply – report
(Montel) European developers of renewable assets are struggling to meet “voracious” demand from corporates eager to lock in…
Read moreFocusEconomics raises 2022 coal price outlook 27%
(Montel) Pacific basin benchmark coal prices could average nearly USD 240/t this year, up 27% – or USD…
Read moreUS hikes LNG export growth forecast amid EU demand
(Montel) US LNG exports should jump 25% year on year in 2022, a 9 percentage point hike from…
Read moreFrance to get near EUR 4bn in fees for onshore wind – lobby
(Montel) The French state is set to benefit to the tune of EUR 3.7bn in fees from…
Read moreGerman spot power to rise EUR 9 on lower green output
(Montel) German day-ahead power prices looked set to rise more than EUR 9 on Wednesday amid a forecast…
Read moreOil continues rise as Putin’s comments stoke supply concerns
(Montel) Oil prices continued their rise on Wednesday as Russian president Vladimir Putin said his country’s invasion of…
Read moreBritain’s wind hits 23.3 TWh generation record in Q1
(Montel) Wind generation in Britain hit a new quarterly record of 23.3 TWh between January and March this…
Read moreCarbon little changed amid subdued pre-Easter market
(Montel) European carbon prices rose marginally on Tuesday afternoon after spending much of the session in negative territory…
Read moreFinnish spot power prices drop significantly after OL3 start
(Montel) Finnish power prices averaged almost 50% below those in other Nordic area zones over the past month…
Read moreGermany awards 1.1 GW solar at EUR 51.90/MWh
(Montel) Germany has awarded 1.1 GW of solar capacity a subsidy of EUR 51.90/MWh in the latest…
Read moreRussia-Ukraine war amplifies German-Dutch gas risk premium
(Montel) Germany’s front-year gas price has surged relative to the equivalent Dutch TTF contract due to associated Russian…
Read moreIreland's Alternus to buy 228 MW Spanish solar projects
(Montel) Dublin-based renewable independent power producer Alternus Energy will buy 228 MW across seven Spanish solar projects, it…
Read moreEU will struggle to replace Russian coal – analysts
(Montel) European buyers are rapidly seeking alternatives to banned Russian coal, but analysts are concerned the structural shift…
Read moreOX2 expands to Estonia, eyes 500 MW onshore wind
(Montel) Swedish renewables developer OX2 will develop 500 MW onshore wind capacity in Estonia with a local partner,…
Read moreNordic Q3 power hits contract high on cold, dry outlook
(Montel) Nordic Q3 power hit a contract high on Tuesday as prices continued their rise, buoyed by persistent…
Read moreAustralia’s Newcastle coal exports slip 6% in Q1
(Montel) Coal exports from the key Australian port of Newcastle declined by 6.2% in the first quarter, in…
Read moreGerman spot power to jump near EUR 40 on lower green output
(Montel) German day-ahead power prices looked set to rise near EUR 40 as forecasts showed renewables generation was…
Read moreOil rises as Opec cautions about replacing Russian supply
(Montel) Oil prices were rising on Tuesday as producer group Opec cautioned that Russian supply could not be…
Read moreGerman power prices retreat amid weaker gas
(Montel) German curve power prices retreated from past highs – with the front year hitting a record high…
Read moreDenmark could add 8 GW renewables by 2027 – TSO
(Montel) Denmark’s power grid can already handle 4 GW of additional onshore wind and solar output, a figure…
Read moreLNG Weekly – European imports slide by a third
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 32.6% last week to 2.5bcm but volumes should…
Read moreFront-month gas softens on LNG “armada”, mild outlook
(Montel) Benchmark front-month European gas futures softened on Monday amid strong LNG supply, with an “armada” on…
Read moreRussia supply ban to boost coal prices
(Montel) European coal prices faced further gains as the prospect of an EU-wide ban on Russian coal imports…
Read moreEU leaders to discuss energy crisis options in May
(Montel) EU leaders will meet to discuss options to tackle the current energy price crisis at the end…
Read moreGerman spot power to dive EUR 43 on rising wind output
(Montel) German day-ahead power prices looked set to dive almost EUR 43 on Monday, as forecasts pointed to…
Read morePro-nuclear Macron wins 1st round of French election
(Montel) Pro-nuclear incumbent Emmanuel Macron has won the first round of the French presidential election.…
Read moreOil prices fall amid China lockdown, IEA reserve plan
(Montel) Oil prices were falling on Monday amid an ongoing Covid-19 lockdown affecting major crude consumer China, while…
Read moreEU confirms ban to end all Russian coal imports by 10 August
(Montel) All Russian coal and other solid fossil fuels imports to the EU must stop by 10 August…
Read moreGerrman power hits record high on Russia coal ban
(Montel) Germany’s benchmark front-year power contract hit a fresh record high on Friday after the European Commission announced…
Read moreGas rises on coal embargo, lower pipeline flows
(Montel) European gas prices traded higher on Friday amid news the EU will implement an embargo on Russian…
Read moreEUAs set to hover around EUR 80/t
(Montel) European carbon prices increased for the second straight session on Friday but look set to remain within…
Read moreGerman parliament agrees on gas reserve plan
(Montel) Germany’s upper house of parliament on Friday agreed on a plan to fill gas storage to 90%…
Read moreNordic power extends gains on cold outlook, rising fuels
(Montel) Nordic power futures were rising on Friday amid colder weather forecasts and rising gas prices. …
Read moreEU approves ban on Russian coal imports – France
(Montel) EU diplomats have approved the European Commission’s proposed ban on Russian coal imports, the French EU presidency…
Read moreOil market seeks clearer direction amid supply concerns
(Montel) Oil prices were little changed in early Friday trading as increased supply to the market from emergency…
Read moreRollercoaster Nordic market to recover – trader
(Montel) The extreme volatility in the Nordic power market – with prices on some contracts skyrocketing 10-fold –…
Read moreCO2 flat as market awaits news of embargo
(Montel) European carbon prices rose EUR 1 on Thursday, after dropping around the same amount on Wednesday, remaining…
Read moreFrance faces winter supply "disaster" amid nuclear slump
(Montel) France faces a power supply “disaster” next winter with EDF vastly overestimating its likely nuclear output, analysts…
Read moreGreen group slams UK energy strategy as “wholly inadequate”
(Montel) The UK’s newly announced strategy failed to set out plans for a greener and more independent energy…
Read moreIberian reforms to drain market liquidity further – experts
(Montel) Plans from the Spanish and Portuguese governments to cap prices in energy markets will aggravate the current…
Read moreNordic front power rises on cooler weather outlook
(Montel) Nordic power futures were trading higher on Thursday amid a cooler weather outlook, which could boost spot…
Read moreEmbargo of Russian gas imports not yet on table – Draghi
(Montel) An embargo on gas imports from Russia is not yet under consideration at EU level, said Italian…
Read moreFrance urges EU ban of Russian oil imports
(Montel) The EU should ban Russian oil imports amid the war in Ukraine, said French economy minister…
Read moreOil prices rise as supply fears persist
(Montel) Oil prices rose early on Thursday as the International Energy Agency’s (IEA) latest move to release more…
Read moreUK eyes “significant acceleration” of nuclear by 2050
(Montel) The UK government plans to expand nuclear capacity by more than 17 GW from current levels to…
Read moreEU hints at further gas, oil sanctions on Russia
(Montel) EU member states will have to sanction oil and gas imports from Russia “sooner or later” if…
Read moreCoal prices rise on looming sanctions
(Montel) European coal contracts rose on Wednesday ahead of a possible EU ban of Russian imports.…
Read morePolish TSO plans relaunch of 1.3 GW link with Ukraine
(Montel) Polish TSO PSE is planning to relaunch an idle 1.3 GW interconnector between Poland and Ukraine, though…
Read moreGerman cabinet agrees on renewables expansion package
(Montel) Germany’s cabinet on Wednesday agreed on legislation to speed up the country’s renewables expansion and reach an…
Read moreGerman power matches record on Russian embargo fears
(Montel) Germany's benchmark Cal 23 power contract matched its record high EUR 189 on Wednesday in line with…
Read moreGas contracts rise amid cold weather, war jitters
(Montel) European gas contracts firmed on Wednesday amid cold temperatures and general nervousness about the war in…
Read moreNordic front power slides on more precipitation
(Montel) Nordic power front contracts dropped further on Wednesday, as more precipitation is set to improve the hydrological…
Read moreAcer consults on Finnish-Swedish cross-border hedging option
(Montel) EU energy regulatory agency Acer is seeking market views on how to improve risk hedging options for…
Read moreWar to have profound impact on EU power prices – DNV
(Montel) Russia’s war in Ukraine and attendant European sanctions on energy imports will have a profound impact on…
Read moreGerman spot power eyes 30% drop as wind soars
(Montel) German day-ahead power prices looked set to plunge 30% on Wednesday, as forecasts pointed to robust…
Read moreCrude prices gain slightly as EU mulls sanctions
(Montel) Oil prices were slightly higher on Wednesday, as an EU debate on Russian oil import sanctions in…
Read moreRussia threatens to cut gas supplies to Orsted
(Montel) Russia may cut gas supplies to Danish energy group Orsted if the company fails to pay its…
Read moreMEPs agree to fast-track EU gas storage obligations
(Montel) The European Parliament agreed to fast-track approval for draft obligations to refill EU gas storage to 80%…
Read moreCoal jumps EUR 40 as EU seeks Russia import ban
(Montel) European coal prices jumped nearly EUR 40 on Tuesday as the European Commission planned to include coal…
Read moreVon der Leyen confirms plans to ban Russian coal
(Montel) The European Commission has proposed banning Russian coal imports as part of a fifth package of sanctions…
Read moreEC looks to include coal in new Russian sanctions
(Montel) The European Commission is considering including coal in a fifth package of sanctions against Russia for the…
Read moreGerman power gains on Russian coal ban risk, cool weather
(Montel) German power prices rose on Tuesday, as the market priced in the risk of a European ban…
Read moreGas prices range-bound amid sanction fears, steady flows
(Montel) European gas prices stayed range-bound on Tuesday, as supply fears over sanctions against Russian imports countered steady…
Read moreIndonesia hikes April coal price 42% on Russia coal ban
(Montel) Indonesia has hiked its April coal reference price by 42% month on month to USD 288.40/t amid…
Read moreSoutheast Europe can wean itself off Russian gas – experts
(Montel) Romania and Bulgaria, southeastern Europe’s largest energy consumers after Greece, plan to cut their reliance on Russian…
Read moreEU finance ministers discuss stricter Russian sanctions
(Montel) EU finance ministers are discussing how to strengthen sanctions against Russia, including on energy, at a meeting…
Read moreGreen hydrogen developers grapple with price volatility
(Montel) Many of Europe’s green hydrogen project developers are struggling to conclude contracts with end-users amid price volatility…
Read moreBKW appoints ABB manager as new CEO
(Montel) Swiss utility BKW has appointed as its CEO Robert Itschner, executive board chairman of power firm ABB…
Read moreCrude prices rise amid possible new Russia sanctions
(Montel) Oil prices were higher on Tuesday amid supply concerns as the EU mulled further sanctions against…
Read moreSweden TSO boosts power exports to Norway
(Montel) Swedish TSO Svenska Kraftnat has significantly increased power exchange capacity with Norway and Denmark after adopting a…
Read moreGerman regulator to temporarily take over Gazprom Germania
(Montel) German regulator BNA will become the temporary trust manager of Gazprom subsidiary Gazprom Germania in a…
Read moreGas drops amid sanctions, ruble uncertainty
(Montel) European gas prices were slipping on Monday amid uncertainties about possible new sanctions against Russia and its…
Read moreGerman power prices drop with gas amid low liquidity
(Montel) German power for delivery next month and next quarter dropped on Monday along with weaker gas prices…
Read moreEEX adjusts margin requirements amid energy price crisis
(Montel) Europe’s EEX power exchange has adjusted margin requirements for customers due to spiralling energy prices, it said…
Read moreSpanish spot power to fall on low demand, futures decline
(Montel) Spanish spot power prices were set to see downward pressure from reduced demand as the holiday…
Read moreGas front month dips amid healthy supply, warmer weather
(Montel) Benchmark European gas prices slipped nearly 2% on Monday amid healthy pipeline supply and forecasts of…
Read moreNordic power futures soften amid uncertainty
(Montel) Nordic power futures traded down on Monday, as market participants awaited more news about potential disruptions to…
Read moreEU power bourses to hike price cap after French spike
(Montel) EU spot power exchanges will raise their price cap to EUR 4,000/MWh for the European single…
Read moreFrench spot power hits EUR 3,000 amid supply crunch
(Montel) French spot power prices for Monday surged to EUR 3,000/MWh as temperatures plummeted, with TSO RTE forecasting…
Read moreEurope to "act" on Russian energy imports – Macron
(Montel) Europe could “act” to sanction Russian coal and oil imports to the bloc within days, French president…
Read moreOil rises on supply fears, possible further Russia sanctions
(Montel) Oil prices were rising on Monday amid supply concerns and as the EU talked of further sanctions…
Read moreEU prepares more sanctions against Russia due to war crimes
(Montel) The EU is preparing to hit Russia with more sanctions – which could include an embargo of…
Read moreGerman ministers at odds over gas ban – reports
(Montel) Germany’s defence minister said the EU should consider banning Russian energy imports due to war crimes in…
Read moreBaltic states halt Russian gas imports amid war
(Montel) Baltic states Latvia, Lithuania and Estonia have stopped importing gas from Russia due to its war on…
Read moreUK rules out energy rationing despite supply squeeze
(Montel) The UK has ruled out energy rationing despite concerns around supply amid the fallout from the Ukraine…
Read moreGas falls as flows continue but clarity needed
(Montel) European gas contracts were falling on Friday afternoon as Russian flows continued despite the country’s assertion payment…
Read moreFrench power surges to EUR 840/MWh amid cold snap
(Montel) French spot power prices for delivery on Monday jumped EUR 125 to EUR 840/MWh on the…
Read moreMEPs seek urgent approval for EU gas storage obligations
(Montel) The EU should urgently approve draft obligations to refill gas storage sites to 80% by 1 November…
Read moreFrance not expecting halt to Russian gas flows – Pompili
(Montel) France does not expect a halt to gas imports from Russia despite its leader Vladimir Putin’s demands…
Read moreGas prices fall as Russian threat to flows fails to occur
(Montel) European gas contracts fell on Friday as Russian imports continued despite threats yesterday that indicated flows could…
Read moreVerified EU ETS emissions climb 8.4% in 2021 – Refinitiv
(Montel) Stationary installations obliged to participate in the EU’s carbon market saw their emissions climb 8.4% last year,…
Read moreNordic Q3 power gains amid low liquidity, cold outlook
(Montel) Nordic Q3 and May power traded up on Friday, albeit amid thin trade, as forecasts indicated cold…
Read moreCarbon to consolidate amid war, economic uncertainty
(Montel) European carbon prices were moving higher on Friday but looked set to consolidate within a wide EUR…
Read moreGB nodal pricing could harm hedging, confidence – analysts
(Montel) National Grid’s proposal to shift Great Britain to a “nodal” pricing system – whereby power is traded…
Read moreGerman spot power to fall on more wind next week
(Montel) German spot power prices looked set to fall next week, as wind generation was expected to…
Read moreCrude prices fall on US pledge to release oil reserves
(Montel) Crude oil was lower early on Friday, as a US plan to release oil from its reserves…
Read moreUS to release 1m bbl/day of oil from strategic reserve
(Montel) US president Joe Biden on Thursday ordered the release of up to 180m bbl of oil from…
Read moreGas market downplays Putin’s ruble payment threat
(Montel) Market participants on Thursday downplayed the threat by Russian president Vladimir Putin to force foreign buyers of…
Read morePay in rubles for gas from Friday or else – Putin
(Montel) European buyers who fail to pay for Russian gas in rubles from Friday face a halt to…
Read moreEC finds Qatar LNG contracts comply with EU rules
(Montel) There is no breach of EU competition rules in Qatar Energy LNG supply contracts with European…
Read moreOpec+ to boost supply by 0.432m bbl/day in May
(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in May by 0.432m bbl/day,…
Read moreRussian gas flows to Europe “not at risk” – Draghi
(Montel) Gas flows from Russia to Europe “are not at risk” of disruption, Italian prime minister Mario Draghi…
Read moreGas volatility persists as market awaits ruble decision
(Montel) European front-month gas contracts traded mixed in volatile trading on Thursday morning, as the market awaited news…
Read moreENBW books 3bcm/year at LNG import terminal Stade
(Montel) German utility ENBW has booked 3bcm/year of LNG with the new import terminal in Stade as part…
Read moreEC raids gas firms in Germany over suspected market abuse
(Montel) The European Commission has raided the premises of several natural gas companies in Germany over suspicions that…
Read moreAustria joins Germany with gas supply warning in ruble row
(Montel) Austria has warned that Russia’s plan to demand payment for gas in rubles could disrupt supplies, joining…
Read moreGerman spot power set to ease as wind output rises
(Montel) German spot power prices looked set to drop on Thursday as forecasts pointed to rising wind…
Read moreOil prices dive on reports US will release more reserves
(Montel) Oil prices shed as much as 6% early on Thursday following reports the US was set to…
Read moreFrance plans winter gas cuts to avert supply crunch
(Montel) France is drawing up a decree to allow it to cut or reduce gas supplies to big…
Read moreSpanish LNG imports set to increase 36% in May – TSO
(Montel) Spain’s LNG imports should jump 36% year on year to almost 22 TWh (2bcm) in May,…
Read moreFrance mulls boosting capacity of Dunkirk LNG terminal
(Montel) France is considering boosting the injection capacity at the Dunkirk LNG terminal amid EU efforts to…
Read moreCarbon falls to 6-day low amid risk aversion
(Montel) European carbon prices dipped to a six-day low on Wednesday amid a lack of market participants willing…
Read moreBaltics eye LNG terminal to replace Russian gas – minister
(Montel) Building a new LNG terminal is one way in which the Baltic nations and Finland could terminate…
Read moreKremlin hints at gradual gas pricing in rubles – Tass
(Montel) Russia may pace the introduction of its plans to price its energy exports in rubles, the…
Read moreGerman power prices gain on gas supply fears, cooler outlook
(Montel) German power prices rose on Wednesday along the curve amid renewed gas supply fears and short-term contracts…
Read moreCepsa plans 2 GW of hydrogen, 7 GW green energy in Iberia
(Montel) Spain’s Cepsa will invest up to EUR 8bn in its new strategic plan, which includes 2…
Read moreRussia's western coal exports drop 12% since invasion
(Montel) Russia’s coal exports to mostly European destinations have declined 12% since launching its invasion of Ukraine five…
Read moreGas prompt jumps 14% with German early warning
(Montel) Benchmark European gas contracts jumped 14% on Wednesday morning as Germany declared an early warning of…
Read moreNordic April power extends gains on sustained cold, gas
(Montel) Nordic power futures for delivery next month and Q2 traded up in response to sustained colder…
Read moreNordic power retailers rethink contracts amid volatility
(Montel) Volatile energy prices are forcing Nordic electricity suppliers to rethink contracts they offer customers, potentially hitting liquidity…
Read moreGerman front-month power jumps EUR 25 on gas warning
(Montel) German front-month power surged EUR 25 on Wednesday after the government sounded a warning over gas deliveries…
Read moreGermany could cut demand for Russian gas to 10% by 2024
(Montel) Germany could cut the share of Russian gas for consumption to 10% by mid-2024 from around 55%…
Read moreGermany readies moves to counter Russia gas payment demands
(Montel) Germany instituted an early warning stage of its so-called national gas emergency plan in response to Russian…
Read morePoland set to ban Russian coal imports, freeze assets
(Montel) Poland's government has introduced a draft bill banning coal imports from Russia and freezing the assets of…
Read moreGerman spot power retreats as wind set to surge
(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped wind generation to…
Read moreOil prices rise amid Russian pledge scepticism
(Montel) Oil prices edged higher early on Wednesday amid scepticism about Russia’s pledge to “drastically reduce combat operations”…
Read moreRuble showdown supports energy complex
(Montel) European gas and coal prices pared early gains on Tuesday but remained supported by concerns Russia…
Read moreSpain gas reference price possible within a month – minister
(Montel) Spain and Portugal plan to send to Brussels this week a proposal for a gas reference…
Read moreGazprom prepared to burn bridges with Europe – sources
(Montel) Russia’s Gazprom is prepared to lose face with Europe by changing the denomination of its gas supply…
Read moreGerman power curve gains with Russian supply jitters
(Montel) German benchmark power prices gained on Tuesday from mounting concerns Russia may halt gas exports to…
Read moreEU coal terminal stocks rise to 7-week high
(Montel) Coal inventories at northwest European ports have risen 13% on the week to their highest since early…
Read moreFrance to decide “within weeks” on new LNG terminal
(Montel) France will decide “within weeks” whether to invest in a 50 TWh/yr floating LNG terminal at Le…
Read moreUK proposes ending EU GO imports on 1 Oct
(Montel) The UK government has proposed ending the import of EU guarantees of origin (GOs) on 1 October,…
Read moreMarkets face oil, gas shortage without Russia – Habeck
(Montel) World energy markets could face an oil and gas shortage as a result of weaning off Russian…
Read moreGas prices jump 10% amid Russia supply unease, lower flows
(Montel) European gas prices were spiking 10.2% on Tuesday amid unease about Russian supplies and lower flows.…
Read more"Spring squeeze" could drive Nordic power to new highs
(Montel) Nordic power prices could reach fresh highs next month if cold weather delayed snowmelt and further tightened…
Read moreNorway could hike EU gas exports 17% (20bcm) – report
(Montel) Norway is likely to boost annual gas exports to the EU by 17%, or 20bcm, in…
Read moreEU solar ready to ramp up to cut Russian gas imports
(Montel) The EU’s solar photovoltaic sector is ready to ramp up capacity to help cut Russian gas imports…
Read moreNordic front power continues rise on cold weather, gas
(Montel) Nordic front power contracts continued rising on Tuesday amid a colder outlook for April and stronger…
Read moreUniper targeting 40% hydrogen at Grain power plant
(Montel) German utility Uniper is seeking to use hydrogen blends for up to 40% of volume at its…
Read moreStatkraft, Aker pull out of Norway green ammonia scheme
(Montel) Statkraft and Aker Clean Hydrogen will withdraw from a joint venture with fertiliser producer Yara that had…
Read moreEurope could halve gas use for power by 2030 – Wartsila
(Montel) Europe could cut gas use in power consumption by more than half by 2030 if it rapidly…
Read moreGerman spot power to jump EUR 15 on low green output
(Montel) German day-ahead power prices looked set to rise almost EUR 15 on Tuesday as forecasts indicated a…
Read moreOil continues fall as China Covid concerns curb market
(Montel) Oil continued to fall on Tuesday, after seeing losses in the prior session, as concerns about a…
Read moreUK plans to triple solar capacity, double onshore wind
(Montel) The UK is planning to triple current solar capacity by 2030, while doubling onshore wind and is…
Read moreCarbon jumps to near 1-month high
(Montel) European carbon prices rose to near one-month highs in Monday trading, buoyed by compliance buying, supportive technical…
Read moreUS LNG deal with EU falls short of needs – analysts
(Montel) An agreement by the US to supply an extra 15bcm of LNG to the EU this year…
Read moreInfinergies plans 100 MW Finnish wind farm
(Montel) German renewables developer Infinergies is hoping to build a wind farm in Finland with up to 100…
Read moreGerman power front month increases with gas, weather outlook
(Montel) The German power contract for April increased on Monday on the back of higher gas prices…
Read moreG7 rejects Russian demand for ruble payment – Germany
(Montel) Energy ministers from the group of seven industrialised countries (G7) have rejected demands by Russia to pay…
Read moreGerman 2021 energy use still lags pre-pandemic levels
(Montel) German primary energy use stood at 3,407 TWh last year, up 3.1% versus 2020 but still below…
Read moreEsma dispels carbon market intervention fears – analysts
(Montel) A report on Monday by the EU’s financial regulator Esma has diluted concerns of potentially stark…
Read moreSpain power futures fall up to EUR 26 on gas price plan
(Montel) Spanish forward power prices fell up to EUR 26 on Monday after prime minister Pedro Sanchez…
Read moreGas front month rises on peace talks, colder weather
(Montel) Benchmark European gas prices rose from a one-month low early on Monday amid some pessimism over…
Read moreSupply shortfall to underpin coal prices
(Montel) A lingering shortfall in spot supply will likely underpin European coal prices close to current levels, market…
Read moreEsma recommends extended controls on carbon trading
(Montel) EU financial watchdog Esma recommended on Monday to extend controls on the bloc’s emissions trading scheme…
Read moreNordic power front jumps on cold forecast, snowmelt delay
(Montel) Nordic front power contracts were trading markedly higher on Monday, as a forecast cold start of April…
Read moreEndesa to replace Pego coal plant with 800 MW green capacity
(Montel) Spanish utility Endesa will invest EUR 600m to develop nearly 800 MW of renewable capacity in…
Read moreGerman spot power to jump 11% as solar output plummets
(Montel) German day-ahead power prices looked set to rise almost 11% on Monday, as forecasts pointed to dwindling…
Read moreOrsted sells 50% stake in UK wind farm
(Montel) Orsted will sell a 50% stake in its Hornsea 2 (1.3 GW) offshore wind farm in the…
Read moreCrude prices fall on China Covid lockdown
(Montel) Crude oil was lower early on Monday amid potential demand destruction in China after the second-largest oil…
Read moreNordic TSOs agree to support Baltic energy system
(Montel) The four Nordic TSOs have agreed measures to help provide the Baltic states with frequency support if…
Read moreEU top politicians agree need for joint gas buying option
(Montel) The EU needs a voluntary joint mechanism to buy natural gas, LNG and hydrogen to help lower…
Read moreEU ministers to examine gas price cap amid Nordic opposition
(Montel) EU energy ministers will discuss a cap on wholesale gas prices at an extraordinary meeting in May…
Read moreEU leaders agree conditions for urgent market interventions
(Montel) EU leaders have agreed conditions for urgent interventions to tackle high power prices after Spain and Portugal…
Read moreCoal softens amid broader complex weakness
(Montel) European coal trading activity was subdued on Friday as traders awaited fresh market signals, while weaker gas…
Read moreEstonian TSO acquires 105 GWh winter gas reserve
(Montel) Estonian TSO Elering has bought 105 GWh of gas for reserve supply next winter, which will be…
Read moreUS aims to supply extra 15bcm of LNG to EU this year
The US will strive to supply an extra 15bcm of LNG at least to the EU this…
Read moreGerman power front month falls on lower gas prices
(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices, after the EU dismissed…
Read moreEurope’s TTF hub to be 2022 global LNG benchmark – analysts
(Montel) High Dutch TTF gas prices, as Europe cuts Russian supplies, will enable the hub to benchmark global…
Read moreGas volatility reigns amid escalating war tensions
(Montel) European gas prices were seesawing on Friday amid escalating tensions surrounding the Ukraine war as ongoing supply…
Read moreFrench nuclear slump hinders Russian gas exit – analysts
(Montel) Falling nuclear output in France has spurred gas demand in the country and is hampering EU moves…
Read moreNordic power futures fall with gas, German power
(Montel) Nordic power futures fell along with gas and German power prices on Friday, though forecasts remained very…
Read moreGerman spot power to rise next week
(Montel) German spot power prices looked set to rise next week as forecasts predicted diminishing solar production,…
Read moreGermany to receive 7.5bcm LNG next winter
(Montel) Germany will receive 7.5bcm of LNG next winter in a bid to reduce dependence on Russian gas…
Read moreGermany mulls three floating LNG units – report
(Montel) The German government could charter three floating LNG units to expedite independence from Russian gas imports, Der…
Read moreCrude prices rangebound amid Russia supply unease
(Montel) Crude oil was flat early on Friday, as European leaders mulled further energy sanctions against Russia over…
Read moreEU won’t be blackmailed over Russian energy – von der Leyen
(Montel) The EU will no longer be blackmailed by Russia over energy supplies to the continent, said European…
Read moreLatvia to push for Russian oil, coal embargo at EU summit
(Montel) Latvia will push for an embargo on Russian oil and coal imports when EU leaders meet today…
Read moreSweden's OX2 buys 500 MW Greek renewables projects
(Montel) Swedish renewables developer OX2 has bought two portfolios in Greece with a total installed capacity of more…
Read moreCarbon rebounds on compliance buying
(Montel) European carbon prices rose on Thursday amid compliance buying, rebounding from losses seen yesterday.…
Read moreUkraine has enough coal to avoid more imports – Dtek
(Montel) Ukraine’s coal stocks have risen to over 1m tonnes, up more than 40% on the month, thereby…
Read moreEU carbon market emissions increase 9% in 2021 – poll
(Montel) Stationary installations obliged to participate in the EU’s carbon market likely saw their emissions climb 9%…
Read moreGermany to start gas phase-out from 2024
(Montel) Germany's coalition government has agreed to phase out natural gas from 2024, beginning with a drive…
Read moreHydropower GO prices dip amid war uncertainty
(Montel) European hydropower guarantees of origin (GOs) prices edged down during the week, as uncertainty around the Ukraine…
Read moreItalian TSO boosts grid investment budget by nearly 10%
(Montel)- Italian TSO Terna has revised higher its investments through to 2025 by 9% to EUR 10bn to…
Read moreGas prices continue rally amid ruble plan, summits
(Montel) European gas prices extended their rally as the market mulled Russian president Vladimir Putin’s plan to charge…
Read moreEDF nationalisation would face EC approval hurdle – analysts
(Montel) Nationalising EDF would enable France to finance a costly nuclear revival, but the government would still need…
Read moreNewcastle coal drops below Europe benchmark
(Montel) The Pacific basin’s leading coal index has fallen a further 29% to drop below Europe’s benchmark…
Read moreEC will urge Biden to prioritise US LNG exports to Europe
(Montel) European Commission president Ursula von der Leyen plans to ask US president Joe Biden to prioritise LNG…
Read moreNordic power prices fall from 2-week high despite strong gas
(Montel) Nordic power futures retreated from two-week highs on Thursday, though traders said it was difficult to explain…
Read moreEnea's power output rises 19% in 2021
(Montel) Polish state-run utility Enea generated 26.4 TWh of power in 2021, a year-on-year increase of 3.9 TWh…
Read moreBelgium, Engie face tough nuclear talks – experts
(Montel) Belgium and nuclear operator Engie Electrabel face difficult talks over extending the lifetimes of Doel 4 (1…
Read moreEC to discuss Canadian energy imports to EU
(Montel) The European Commission is to discuss potential Canadian energy supplies to the EU in its efforts to…
Read moreRussia coal production hits 3-month high in February
(Montel) Russian coal production grew 13% on the month in February to a three-month high, official data showed…
Read moreGerman spot power rangebound as wind remains low
(Montel) German spot power prices looked set to stay flat on Thursday, as forecasts showed wind production…
Read morePGNiG’s wholesale gas sales jump 19% in 2021
(Montel) Polish gas monopoly PGNiG saw natural gas sales on the wholesale market jump 19% year on year…
Read moreOil prices trade mixed ahead of key EU and Nato summits
(Montel) Oil prices were mixed in volatile trading early on Thursday ahead of EU, Nato and G7 summits…
Read moreGas soars over 20%, carbon falls, coal jumps
(Montel) European front-month gas contracts surged by over 20% in volatile trading on Wednesday afternoon, as Russian president…
Read moreGerman energy lobby BDEW rejects energy market price caps
(Montel) The German BDEW energy industry association on Wednesday rejected the introduction of price caps in energy markets,…
Read moreGas prices surge as Russia to demand ruble payments
(Montel) European gas prices surged on Wednesday after Russian president Vladimir Putin announced that gas deliveries would…
Read moreENBW to let Russian gas contracts lapse
(Montel) ENBW will let its gas procurement contracts with Russia lapse, the company said on Wednesday as…
Read moreEC proposes EU gas storage must be 80% full by 1 November
(Montel) EU gas storage must be at least 80% full by 1 November as part of efforts to…
Read moreGerman April power jumps 15% amid potential EU rule, ban
(Montel) The German power curve rose on Wednesday amid anticipated new EU gas storage rules and fears of…
Read moreEC mulls price caps, aggregators to tackle energy crisis
(Montel) Capping prices, aggregating demand and negotiating gas and LNG contracts at the EU level are options the…
Read moreShell books “substantial” capacity at German LNG terminal
(Montel) Shell has signed a first agreement to book long-term capacity at a planned 8bcm/year LNG terminal project…
Read moreGermany’s Scholz rejects ban on Russian gas imports – report
(Montel) An import ban on Russian fuels would hurt the German economy and endanger jobs, German chancellor Olaf…
Read moreGas prices increase in anticipation of storage rules
(Montel) European gas prices increased on Wednesday amid expectations of a new EU storage regulation increasing gas…
Read moreEurope can end Russian gas imports by 2025 – analysis
(Montel) The EU’s “Fit for 55” climate package, fast-tracking clean energy and gas supplies from outside Russia would…
Read moreNordic power curve continues rise on colder outlook, gas
(Montel) Nordic power futures rose for the fifth consecutive day on Wednesday in response to a colder…
Read morePGE’s 2021 power output jumps 18% to 68.8 TWh
(Montel) Polish utility PGE produced 68.8 TWh of power last year, up 18% from 2020, thanks to an…
Read moreFinnish firms to build 1 GW solar in Finland, Sweden by 2030
(Montel) Finnish energy infrastructure firm Skarta and solar developer Solarigo Systems plan to build 1 GW of solar…
Read moreEU coal port stocks rise marginally from multi-year lows
(Montel) Coal inventories at northwest European ports have risen by 7% from multi-year lows seen in mid-March amid…
Read moreTotalEnergies to stop buying Russian oil by end-2022
(Montel) French energy firm TotalEnergies has said it will stop buying oil and oil products from Russia…
Read moreENBW raises forward power hedges slightly
(Montel) German utility ENBW has locked in slightly more sales on its power for the next two…
Read moreGerman spot power to trade flat amid weak wind output
(Montel) German day-ahead power prices looked set to edge down less than EUR 1 on Wednesday, as green…
Read moreOil edges up as EU weighs tougher sanctions on Russia
(Montel) Oil prices edged higher early on Wednesday as market participants assessed whether a toughening of EU sanctions…
Read moreCoal climbs off 3-week low on bargain-hunting
(Montel) European coal prices climbed back from the previous session’s three-week lows, as market participants took advantage of…
Read moreFrench power flows reverse as nuclear output hits new low
(Montel) France was importing more power than it was exporting in a reversal of flows sparked by record…
Read moreGerman power prices climb with buoyant fuels
(Montel) German power prices rose on Tuesday amid higher coal and gas prices, with Russia’s ongoing war in…
Read morePost-Brexit market coupling may not happen – Nord Pool
(Montel) The establishment of “multi-region loose volume coupling” (MRLVC), linking the UK and Ireland to EU power markets,…
Read moreGas front month gains on Norwegian outage, low wind
(Montel) European gas front months edged higher on Tuesday, as an unplanned Norwegian outage and weak wind…
Read moreSpain could speed up renewables push – experts
(Montel) Spain could speed up its renewables push amid European plans to reduce energy dependence on Russia,…
Read morePayment issues hamper China-Russia coal trade
(Montel) Payment issues – in light of a partial ban on Russia using the Swift banking system –…
Read moreWar will keep coal prices above USD 130/t – traders
(Montel) European coal prices will likely remain at a minimum of USD 130/t for the foreseeable future as…
Read moreNordic front power firms on colder outlook, higher gas
(Montel) Nordic power futures for delivery next month and Q3 traded up in response to a colder…
Read moreGerman spot power to trade sideways amid low wind output
(Montel) German day-ahead power prices looked set to trade sideways on Tuesday as forecasts showed wind power generation…
Read moreOil nears USD 120 as EU mulls Russian crude ban
(Montel) Oil prices jumped USD 3 on Tuesday, with Brent nearing USD 120/bbl, as Europe mulled joining a…
Read moreAlgeria-Spain tension to complicate gas talks – experts
(Montel) Mounting diplomatic tensions between Spain and Algeria may complicate talks to renegotiate gas contracts, yet supply was…
Read moreRWE, Uniper to collaborate on H2 with Adnoc
(Montel) German utility RWE and the United Arab Emirates’ state-owned oil company Adnoc have signed a memorandum…
Read moreHigh gas price does not benefit green H2 – Preem
(Montel) Despite the fact that natural gas prices have reached record highs this year, Swedish oil group Preem…
Read moreSpanish power to trade sideways, slide on weaker gas
(Montel) Spanish spot and forward power prices could trade sideways or drop this week on the back…
Read moreGreen H2 more economical amid soaring fuel prices – Rystad
(Montel) The economics of green hydrogen against other forms of the gas have become increasingly attractive since Russia’s…
Read moreBan on Russian Black Sea coal ports unlikely – analysts
(Montel) Europe is unlikely to place a blanket ban on coal purchases from Russian Black Sea ports, although…
Read moreFront-month gas slips to 3-week low on rising supply
(Montel) Benchmark European gas prices dropped nearly 5% to a three-week low on Monday as steady pipeline…
Read moreSpain sees 44 energy retailers go bust amid price crisis
(Montel) Spiralling power and gas prices saw 44 Spanish energy distributors go bust last year, the country's…
Read moreCoal trading to be range-bound
(Montel) European coal prices were likely to trade sideways this week, as tighter supply in the Atlantic basin…
Read moreItaly’s February power demand rises 3% to 25 TWh
(Montel) Power demand in Italy rose nearly 3% year on year to 25.49 TWh in February, TSO Terna…
Read moreNordic Q2 power rises on colder outlook, stronger spot
(Montel) The Nordic bellwether front-quarter power contract gained on Monday amid colder weather forecasts and stronger spot prices.…
Read moreRussian coal exports to EU may drop 45% in 2022 – analyst
(Montel) Russian thermal coal exports to Europe could potentially drop 45% this year as buyers shy away from…
Read moreItaly EUR 4.4bn energy package set to aid businesses
(Montel) A new EUR 4.4bn Italian energy package will help businesses and families cope with spiralling energy costs…
Read moreGerman spot power eyes 16% rise on less wind output
(Montel) German day-ahead power prices looked set to rise 16% on Monday as forecasts pointed to below-normal wind…
Read moreNovatek board member quits as sanctions bite
(Montel) Gennady Timchenko – a board member and significant shareholder of Russia’s largest LNG producer Novatek – has…
Read moreOil prices continue rise as Russian supply concerns persist
(Montel) Oil prices were continuing to rise on Monday – adding to the prior session’s gains –…
Read moreEU’s LNG import plan might be untenable – analysts
(Montel) Europe will struggle to boost LNG imports in 2022 by almost 55% to reduce reliance on Russia’s…
Read moreJohnson mulls 5-fold increase in UK nuclear power – report
(Montel) UK prime minister Boris Johnson is mulling a five-fold increase in the country’s planned nuclear capacity by…
Read moreGermany agrees LNG deal with Qatar
(Montel) Germany has agreed a short-term LNG supply deal with Qatar to help diversify from Russian gas, economy…
Read moreEni offers Europe additional 16bcm/year of gas
(Montel) Italian energy company Eni could make available an additional 16bcm/year of gas to Europe beginning next winter,…
Read moreEnergy complex flattens despite war shock
(Montel) European contracts for gas, coal and carbon all saw limited moves on Friday as markets flattened…
Read moreBelgium agrees to extend lifetime of 2 reactors to 2036
(Montel) Belgium on Friday agreed to extend the lifetimes of two reactors – Doel 4 (1 GW)…
Read moreItaly, Spain, Portugal, Greece seek “urgent” energy reforms
(Montel) The prime ministers of Italy, Spain, Portugal and Greece will together call for “urgent” energy reforms at…
Read moreEurope to stay largely dry until end of June – forecasters
(Montel) European weather should stay largely dry until the end of June, with May seeing the highest chances…
Read morePortugal to tender 3-4 GW of offshore wind this year
(Montel) Portugal plans to auction 3-4 GW of offshore wind capacity this year, which would be operational…
Read moreLithuanian power supplier operates despite sanctions hit
(Montel) Lithuanian electricity supplier Inter Rao Lietuva was continuing to operate despite being hit by sanctions due to…
Read moreGerman April power falls in tandem with lower gas prices
(Montel) Germany’s front-month power contract fell on Friday in reaction to lower gas prices.…
Read moreGas prices rangebound amid Ukraine war supply threat
(Montel) European gas contracts remained in a sideways pattern on Friday, as the market awaited new signals…
Read moreDutch TSO signs 5-year charter for floating LNG terminal
(Montel) TSO Gasunie has chartered a 600mmscf/day (17mcm/day) floating LNG import terminal for five years from Belgium’s Exmar,…
Read moreEUAs consolidate near EUR 80
(Montel) European carbon prices looked set to consolidate near EUR 80/t, as some profit-taking on Friday snapped eight…
Read moreEDF launches EUR 3.1bn recapitalisation
(Montel) French utility EDF has launched a EUR 3.1bn recapitalisation, as it faces struggling nuclear power output…
Read moreDenmark may need 16 GW more offshore wind by 2030 – analyst
(Montel) Denmark may have to install 15-16 GW of new offshore wind power capacity within eight years to…
Read moreNordic spot power may hit 1-month low on reduced demand
(Montel) The Nordic system price could hit a one-month low on reduced weekend demand and lower exports to…
Read moreRussian Black Sea coal exports rise despite risks
(Montel) Coal exports from Russian Black Sea ports continue to rise despite the country’s war in Ukraine elevating…
Read moreFortum seeks 2050 extension for 1 GW Loviisa nuclear plant
(Montel) Finnish utility Fortum has sought government approval to extend the lifetime of its 1 GW Loviisa nuclear…
Read moreCrude prices rise on Russia supply unease
(Montel) Crude oil was higher early on Friday on the potential fallout of an International Energy Agency (IEA)…
Read moreEnel hedges 46% of 2023 Italian production at EUR 75.4/MWh
(Montel) Italian utility Enel has hedged about 46% of its 2023 domestic power production at an average price…
Read moreLeag may close lignite mine after court order
(Montel) German utility Leag’s Jeanschwalde lignite mine faces closure from 15 May after a court ruling which might…
Read moreItaly’s Adriatic LNG terminal raises capacity by 13% to 9bcm
(Montel) Italy’s Adriatic LNG terminal has increased its operating capacity to 9bcm/year from 8bcm/year, it said.…
Read moreGerman ministry aims to raise renewable tender volumes
(Montel) A German ministry has presented a draft amendment to significantly increase tender volumes for renewable power installations.…
Read moreItalian gas TSO mulls offshore Spain-Italy pipeline
(Montel) Italy’s Snam is assessing an offshore gas pipeline linking Spain and Italy to enhance Iberia’s limited interconnection…
Read moreMessages linked to GOs provided transparency – Nord Pool
(Montel) A series of recent Nord Pool market messages linked to guarantees of origin (GOs) provided transparency and…
Read moreEU ministers want accord on ETS reforms by end of June
(Montel) EU environment ministers aim to decide their position on carbon market reforms by the end of June…
Read moreLithuania's LNG capacity fully booked due to war jitters
(Montel) Imports of LNG through Lithuania’s terminal in Klapeida were fully booked until 30 September, which marked the…
Read moreCO2 rises on compliance demand, MSR hopes
(Montel) European carbon prices rose on Thursday on compliance demand, strong auction results and amid a proposal to…
Read moreGerman power Cal 23 recovers on higher gas
(Montel) German power for delivery next year rose on Thursday, as it followed gas prices higher and recovered…
Read moreNasdaq Commodities increases trading fees by 7%
(Montel) Nasdaq Commodities will raise variable trading fees for all Nordic and European electricity and gas contracts from…
Read moreFinland’s EAB buys 69 MW solar portfolio in Spain
(Montel) Finnish asset manager Elite Alfred Berg (EAB) purchased a portfolio of several solar projects (69 MW) in…
Read moreEnel coal power output to more than double in 2022 - unions
(Montel) Italian utility Enel expects to more than double its coal-fired power output and add up to 20…
Read morePoland helps Ukraine to maintain coal stocks
(Montel) Poland is supplying Ukraine with 0.06m tonnes of coal to ensure it has sufficient stocks to meet…
Read moreGO prices fall amid ample supply
(Montel) Prices for European guarantees of origin (GOs) fell during the week to Thursday amid ample supply, although…
Read moreGas prices rise on lower pipeline supply, Russia risk
(Montel) European gas prices rose on Thursday amid lower pipeline supply, with the market also reassessing the risk…
Read moreNordic power front edges down on wetter outlook
(Montel) Nordic power futures for delivery next quarter traded down in response to wetter forecasts, ignoring higher…
Read moreSpanish minister backs EUR 180/MWh spot power cap
(Montel) Spain should reinstate a EUR 180/MWh cap on the spot power market to curb spiralling prices precipitated…
Read moreUS Cheniere to export 20.4mcm/d more LNG to Europe
(Montel) Houston-headquartered energy firm Cheniere, one of the world’s biggest LNG suppliers, is set to export an additional…
Read moreEDF borrows EUR 10bn in wake of Arenh requirement
(Montel) EDF has borrowed EUR 10.25bn from nine banks amid financial hurdles caused by the government’s decision to…
Read moreTAP gas flows to Europe hit 10bcm capacity for first time
(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) reached their full capacity of 10bcm a…
Read moreOrsted seeks alternative after Latvia rejects wind project
(Montel) Orsted is seeking an alternative location to build a large offshore wind farm in the Baltic region…
Read moreGerman spot power to gain as wind output wanes
(Montel) German day-ahead power looked set to edge up on Thursday amid below-normal wind output and strengthened…
Read moreOil prices rise amid risk of Russian supply shortfall
(Montel) Oil prices rose nearly 4% early on Thursday following a warning that sanctions and buyers shunning Russian…
Read moreEDF to sell additional 19.5 TWh to rivals at cheap rate
(Montel) French utility EDF will sell an additional 19.5 TWh of nuclear power at the regulated Arenh…
Read morePower price bidding zone review to begin despite uncertainty
(Montel) European TSOs are set to begin a one-year review of power price bidding zones in the…
Read moreVerbund hedges 23% of 2023 output at EUR 66.70/MWh
(Montel) Austrian utility Verbund had hedged 23% of the planned 2023 hydropower generation at 66.70 EUR/MWh by…
Read moreNorway and Germany to assess plans for hydrogen pipeline
(Montel) Norway and Germany have agreed to make a joint review over plans to build a hydrogen pipeline…
Read moreBerlin to spend EUR 203bn to speed up energy transition
(Montel) Berlin aims to fund the German energy transition and climate protection measures with EUR 203bn by 2026,…
Read moreCoal slumps 14% on profit-taking
(Montel) European nearby coal prices plunged more than 14% in Wednesday trading as related market losses triggered widespread…
Read moreDry German weather may further hamper coal shipping
(Montel) A relatively dry winter in Germany that persisted this spring could hamper river-borne coal transportation later this…
Read moreEU synchronises power grid with Ukraine, Moldova
(Montel) The electricity grids of Ukraine and Moldova have been successfully synchronised with the “continental European grid” to…
Read moreUniper books additional Dutch LNG, will replace Russian coal
(Montel) German utility Uniper has booked more Dutch LNG capacity as it looks to replace Russian gas supply…
Read moreGerman April power falls with lower gas price, mild weather
(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday with lower gas prices as mild weather…
Read moreFrench solar lobby urges tripling of capacity by 2025
(Montel) France should put in place an “emergency plan” to triple solar capacity by 2025 to 37 GW…
Read moreGas prompt prices ease on mild weather
(Montel) European gas prices retreated on Wednesday after initial gains as markets shrugged off a downturn in…
Read moreIEA revises down oil demand outlook on growth concerns
(Montel) The International Energy Agency has revised down its global oil demand outlook for 2022, pointing to economic…
Read moreGermany to decide on gas reserve target this week – Green MP
(Montel) The German parliament is set to initially approve draft targets for refilling the country’s gas storage…
Read moreRussian gas flows slip to lowest since invasion
(Montel) Russian gas exports to northwestern Europe have fallen to their lowest levels since Moscow’s invasion of…
Read morePacific coal prices may more than halve this year – analysts
(Montel) Pacific basin benchmark coal prices could more than halve from current levels by the fourth quarter, as…
Read moreGerman spot power to fall with more wind
(Montel) German day-ahead power prices looked set to fall on Wednesday on the back of more normal…
Read morePortugal proposes capping spot power at EUR 180/MWh
(Montel) The Portuguese government was in talks with Spanish counterparts to cap daily and intraday power prices in…
Read moreOil prices rebound as supply, geopolitical risks remain
(Montel) Oil prices were trading more than 2% higher early on Wednesday, clawing back from this week’s sharp…
Read moreOMV plans to shift away from oil, gas production
(Montel) Austrian oil and gas company OMV plans to shift away from fossil fuels towards carbon capture and…
Read moreEon hedges 78% of its 2022 nuclear generation at EUR 56/MWh
(Montel) German utility Eon's subsidiary Preussen Elektra had hedged 78% of its 2022 nuclear power generation by the…
Read moreEU protects energy trade as sanctions on Russia tighten
(Montel) The EU has been careful to ensure energy trade with Russia can continue even as it tightens…
Read moreEU ministers agree carbon border tax approach
(Montel) EU economy ministers have agreed their basic preferred approach for imposing a carbon border tax on…
Read moreCarbon drops amid correction, gas rebounds
(Montel) European carbon prices were losing ground on Tuesday amid a correction following five straight sessions of gains,…
Read moreEU panel backs keeping carbon reserve intake at 24%
(Montel) A key European Parliament committee has backed keeping the 24% intake rate of EU carbon allowances into…
Read moreGlobal coal supply may slide 7% in March – DBX
(Montel) Global seaborne thermal coal supply could drop 7% on the year in March amid a sharp reduction…
Read moreUK could stop EU GO imports on 31 March 2023 – consultant
(Montel) The UK could stop importing EU guarantees of origin (GOs) on 31 March 2023 unless a system…
Read moreRising inflation, Ukraine crisis may hit oil demand – Opec
(Montel) Spiralling inflation and the escalating war in Ukraine, if sustained, could hit global oil demand and investments…
Read moreEurope faces high energy costs without more renewables – RWE
(Montel) Russia’s war on Ukraine will leave Europe with a legacy of “structurally higher” energy costs until…
Read moreGerman power curve rebounds in line with volatile gas
(Montel) German power contracts rebounded in line with gas prices on Tuesday after several days of losses,…
Read moreOX2 plans 800 MW Finnish onshore wind farm
(Montel) Swedish wind developer OX2 plans an onshore wind farm of up to 800 MW on the west…
Read moreItalian gas imports jump 13% to 5.5bcm in February
(Montel) Italy’s gas imports rose 13% year on year in February to 5.5bcm, or 57.9 TWh, partly thanks…
Read moreNordic front power rebounds on higher German prices
(Montel) Nordic front power contracts rebounded on Tuesday on higher German power prices and a correction. …
Read moreNorthvolt to build large battery factory in Germany
(Montel) Swedish firm Northvolt is planning to build a large power-intensive battery cell factory in Heide, northern Germany.…
Read moreGas prices rebound from 2-week lows
(Montel) European gas prices rebounded from two-week lows in early Tuesday trading as a slight drop in Russian…
Read moreGerman energy sector emissions rise 12% in 2021
(Montel) Germany’s energy sector emissions rose 12.4% year on year to 247m tonnes in 2021, as high gas…
Read moreEU bans new investment in Russian energy sector
(Montel) The EU has agreed to ban new investment in Russia’s energy sector as part of a fourth…
Read moreGerman spot power to drop as wind and solar output surge
(Montel) German day-ahead power looked set to sink nearly 25% on Tuesday as forecasts showed wind and…
Read moreRussia gas exodus may delay UK coal unit’s closure
(Montel) Uniper may prolong the life of a 505 MW coal-fired unit at its 2 GW coal-fired plant…
Read moreFrance launches two floating wind projects (500 MW)
(Montel) France has launched a competitive bidding process for the development of two floating wind farms of 250…
Read moreDutch to curb Groningen quota, boost LNG
(Montel) The Dutch government will likely reduce the amount of gas needed from the Dutch Groningen field in…
Read moreEquinor halts trading of Russian oil amid invasion
(Montel) Norwegian oil and gas major Equinor will halt all trading in Russian oil products following the…
Read moreUK looks to extend life of nuclear plant by 20 years
(Montel) The UK is looking to extend the lifetime of its Sizewell B nuclear plant (1.2 GW) by…
Read moreRWE trading earnings surge 43% in 2021
(Montel) RWE’s trading division earnings jumped 43% off already elevated levels last year to lift the company’s…
Read moreCrude extends losses as supply concerns ease slightly
(Montel) Crude prices extended losses seen in the prior session on Tuesday as concerns around supply disruptions in…
Read moreCO2 hits 2-week high amid compliance buying
(Montel) European carbon prices rose by more than 3 EUR to reach a two-week high on Monday, as…
Read moreGerman hub aims to use up to 10 TWh LNG imports for stocks
(Montel) German gas hub operator THE aims to use up to 10 TWh of imported LNG to help…
Read moreGerman front-month power falls on easing gas flows concerns
(Montel) German front-month power continued last week’s decline on Monday tracking weaker gas and coal prices amid easing…
Read moreGermany woos South Africa to replace Russian coal
(Montel) Germany’s plan to halt all imports of Russian coal this year has deepened market efforts to secure…
Read moreGas front month drops 10% on peace talks, healthy supply
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub dropped nearly 10% to a two-week low…
Read moreSpain spot power to sink EUR 100 on more renewables
(Montel) Spanish spot power prices could extend losses this week and drop around EUR 100 amid higher…
Read moreNordic power curve on wetter outlook, fuels sell-off
(Montel) Nordic power futures traded down across the board on Monday amid a wetter outlook and a…
Read moreSpot coal demand to underpin prices
(Montel) Prompt European coal prices should remain elevated this week, as buyers vied for limited spot material and…
Read moreLNG imports rise 12% to 3.1bcm
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, increased 12% last week to 3.1bcm, while another…
Read moreRussian gas flows remain steady, prices ease
(Montel) Russian gas exports to northwestern Europe were flat on the week on Monday morning, as gas…
Read moreGerman spot power rises with less wind, solar
(Montel) German day-ahead power prices looked set to rise on Monday owing to less wind and solar…
Read moreEDF faces EUR 26bn earnings hit due to low output, Arenh
(Montel) French utility EDF’s earnings this year will take a EUR 26.2bn hit due to low nuclear output…
Read moreFormer UN secretary general warns UK about fracking return
(Montel) Former UN secretary general Ban Ki-moon has warned the UK about a return to fracking for shale…
Read moreOil prices remain elevated as war jitters persist
(Montel) Oil prices remained elevated – near multi-year highs – on Monday in volatile trading as an “energy…
Read moreCO2 rises to 10-day high on compliance buying
(Montel) European carbon prices were climbing for the fourth consecutive session on Friday as they hit a 10-day…
Read moreEC clears taxes on “windfall profits” to curb energy spike
(Montel) European governments were free to tax the unexpected gains of those who profited from a surge in…
Read moreItalian industry needs more aid amid high gas costs – lobby
(Montel) Italy needs to expand current emergency energy-crisis measures to limit the impact of spiralling prices on gas-intensive…
Read moreEurope could boost LNG imports 60% this year – ING
(Montel) Europe has the spare capacity to increase LNG imports by around 68bcm, or 63%, this year from…
Read moreGerman power front month slumps to 10-day low
(Montel) Germany’s front-month power contract fell to a 10-day low on Friday as some concerns about Russian gas…
Read moreGas price volatility persists on supply disruption fears
(Montel) Gas contracts retraced intraday losses on Friday morning, after opening weaker, amid nervousness about possible supply…
Read moreDanish balancing costs jump 50% – TSO
(Montel) Costs to balance demand and supply in the Danish electricity market soared by 50% to a record…
Read moreEUAs recover on dip buying
(Montel) European carbon prices extended a recovery on Friday to reach roughly 18% higher on the week…
Read moreSpain energy use may drop 10% amid high prices – consultant
(Montel) Spanish energy demand could drop about 10% amid spiralling fuel prices and measures to cut European…
Read moreEU industrials bid to sell hedged gas volumes as costs soar
(Montel) European industrials are seeking to sell hedged gas volumes back into the market as they reduce their…
Read moreBKW acquires 6 French wind farms totalling 106 MW
(Montel) Swiss utility BKW has acquired six French onshore wind farms with a total capacity of 105.7 MW,…
Read moreNordic April power drops amid falling gas prices
(Montel) Nordic front-month power futures traded down for the third session in a row on Friday, amid…
Read moreGerman mild spell to last into April with average wind
(Montel) Germany would see mild weather continuing into April, with near or partially below normal wind production over…
Read moreGerman spot power to ease next week on falling fuels, demand
(Montel) German spot power prices looked set to ease next week amid dropping fuel prices, milder weather…
Read moreOil prices rise as supply disruption concerns persist
(Montel) Brent crude oil prices consolidated above USD 111/bbl early on Friday, following a volatile week amid…
Read moreUK raises ETS cost curb measure to GBP 102.74 for June
(Montel) The UK has raised the cost curb measure for its UKA emissions certificates by 8% month on…
Read moreEU should axe Russian energy by 2027 – von der Leyen
(Montel) The EU should end its reliance on Russian energy imports in five years, European Commission president Ursula…
Read moreItaly approves construction of 400 MW wind capacity
(Montel) Italy’s cabinet on Thursday approved six wind power projects with a combined installed capacity of around 400…
Read moreEnergy complex slips as Russia supply fears ebb
(Montel) European gas and coal contracts eased while carbon extended a recovery on Thursday, as fears of…
Read moreDifficult to fast-track Baltic Pipe despite war – agency
(Montel) It will be challenging to complete the 10bcm Baltic Pipe linking Norway, Denmark and Poland earlier than…
Read moreMaersk signs clean fuels deal requiring 2.9 GW green power
(Montel) Danish shipping giant Maersk has signed several deals for so-called green methanol for its container ships by…
Read moreGerman power curve prices fall on steady gas flows
(Montel) Prices along the German power curve fell on Thursday on steady gas flows from Russia amid its…
Read moreEU must invest EUR 300bn in renewables to curb gas – report
(Montel) Europe would need to plough EUR 300bn into new wind and solar projects up to 2025 in…
Read moreEU needs immediate measures to cut Russian gas use – experts
(Montel) Europe should move "immediately" to cut gas demand across the region faced with Russia’s threat to halt…
Read moreAsia-Pacific coal index extends record above USD 400/t
(Montel) The Pacific basin’s leading coal index surged another 33% this week to a fresh record above…
Read moreInfrastructure needed to meet wind targets – German lobby
(Montel) Germany must ramp-up manufacturing and infrastructure capacity to meet offshore wind targets by 2030, said lobby group…
Read moreGas prices slide amid sanctions dearth, ample flows
(Montel) European gas prices slipped further in early Thursday trading, as the West’s reluctance to impose significant sanctions…
Read moreNordic power front extends losses on flagging gas prices
(Montel) Nordic near-term power futures continued to fall on Thursday amid weaker European fuels prices and an…
Read moreNasdaq Nordic volumes drop 50% on uncertainty
(Montel) Nordic financial power volumes traded or cleared at Nasdaq plunged 50% year on year in January-February amid…
Read moreUK sanctions 7 oligarchs, including Gazprom, Rosneft CEOs
(Montel) The UK government has imposed sanctions on seven Russian oligarchs, including the heads of Gazprom and Rosneft,…
Read moreRussian troops attack gas pipeline facilities – TSO
(Montel) Russian troops have attempted to gain access to compressor stations of Ukraine’s gas transmission system (GTS), raising…
Read moreOwner of Russian coal producer resigns after sanction
(Montel) Andrey Melnichenko, the main shareholder of Russia’s largest coal producer Suek, has resigned, the firm said on…
Read moreGermany to put condemned lignite units in reserve – minister
(Montel) Germany plans to put some lignite-fired units earmarked for closure in a reserve scheme in order to…
Read moreEuropean industry urges help from Ukraine war fallout
(Montel) European steel and cement makers have urged greater government support to avert the collapse of energy-intensive…
Read moreBrent crude steadies after 13% drop on UAE support
(Montel) Brent crude oil prices steadied early on Thursday following a 13% drop in the previous session when…
Read moreGermany targets more than 600 GW renewables by 2045
(Montel) Germany’s government wants the nation’s total renewables capacity to reach more than 600 GW by 2045 to…
Read moreItaly’s Draghi urges regions to speed up renewables permits
(Montel) Italian prime minister Mario Draghi on Wednesday urged regions to expedite permits for new renewables facilities, which…
Read moreCO2 gains on coal demand expectations
(Montel) European carbon prices continued to rise on Wednesday – after the sharp rebound the previous day –…
Read moreEngie extends LNG contract with US firm Cheniere
(Montel) French utility Engie has extended a contract with US LNG supplier Cheniere by nine years and nearly…
Read moreAcer, regulators close to agreement on 70% cross-border rule
(Montel) EU regulatory agency Acer and the bloc’s national regulators are set to harmonise their approach on…
Read moreEC considers wholesale gas price cap
(Montel) The European Commission is mulling a proposal to cap wholesale gas prices in a bid to prevent…
Read moreGermany mulls delaying coal exit tenders amid supply crisis
(Montel) Germany’s economy ministry is assessing whether to postpone future tenders for hard coal-fired power plant closures due…
Read moreGerman front-week power dives EUR 100 on gas sell-off
(Montel) Power contracts for the coming weeks dived EUR 100 on Wednesday amid a gas sell-off but…
Read moreChernobyl plant in “emergency shutdown” – operator
(Montel) Ukrainian nuclear plant operator Energoatom has performed an “emergency shutdown” at its Chernobyl plant, which recently fell…
Read moreEfet suspends Gazprom trading due to Ukraine war
(Montel) The European Federation of Energy Traders (Efet) has suspended the membership of Gazprom Marketing and Trading…
Read moreGas sell-off continues as Russian flows rise
(Montel) European gas contracts continued to shed value for a second day on Wednesday amid doubts about a…
Read moreFinland unlikely to licence 1.2 GW reactor – minister
(Montel) Finland is unlikely to grant a construction licence for Fennovoima’s planned 1.2 GW nuclear reactor amid the…
Read moreDiversifying from Russian gas a threat to EU winter stocks
(Montel) Europe would struggle to replenish gas inventories sufficiently ahead of next winter if it shunned Russian imports,…
Read moreNordic power futures shed EUR 12 on flagging fuels markets
(Montel) Nordic power futures fell on Wednesday in line with flagging German power and fuel markets, albeit amid…
Read moreGerman 12bcm/year Stade LNG project plans 2026 start-up
(Montel) A 12bcm/year LNG project at Stade in Germany plans to submit approval documents by Easter and aims…
Read moreUS maintains 16% LNG export growth outlook for 2022
(Montel) US LNG exports should grow 16% this year, unchanged from last month’s percentage outlook, as European demand…
Read moreCrisis may prolong life of Estonian oil shale plants
(Montel) Estonia is likely to keep some of its ageing oil shale fleet in operation longer than expected…
Read moreHeightened risk of Ukraine transit pipeline damage – analyst
(Montel) An escalation over the past week of the Russia-Ukraine conflict has increased the risk of damage to…
Read moreNorway regulator probes NSL Remit messages linked to GOs
(Montel) Norway’s regulator is investigating messages posted by several Denmark-based firms on Nord Pool’s urgent market message board…
Read moreFrance could boost LNG capacity by up to 15% in “weeks”
(Montel) France could boost its LNG regasification capacity by up to 15% in the "next few days or…
Read moreOil prices rise 2% after US, UK ban Russian imports
(Montel) Oil prices traded around 2% higher early on Wednesday, after the US said it would ban imports…
Read moreCO2 emissions from energy soar 6% in 2021 – IEA
(Montel) Global energy-related CO2 emissions rose by 6% last year to 36.3bn tonnes, driven largely by coal, as…
Read moreEnel resumes plan to build LNG terminal
(Montel) Italian utility Enel has resumed its plans to build an LNG terminal in an effort to reduce…
Read moreCarbon rebounds with largest ever euro gain
(Montel) European carbon prices jumped by EUR 10 on Tuesday in their largest single-day gain in euros…
Read moreEC wants gas storage 90% full by 1 October each year
(Montel) The European Commission wants EU gas storage to be at least 90% full ahead of the winter…
Read moreUK needs framework for long-term LNG deals – economist
(Montel) The UK government should define a policy framework enabling the country to purchase more LNG through long-term…
Read moreUS bans energy imports from Russia – Biden
(Montel) The US has banned energy imports from Russia, as Washington steps up measures to punish Moscow…
Read moreEU could cut Russian gas imports by 100bcm this year – EC
(Montel) The EU could cut its Russian gas imports by an estimated 100bcm by the end of this…
Read moreGas, coal retreat amid sanctions dithering
(Montel) Gas and coal dropped sharply on Tuesday amid indications that Europe would avoid sanctions on Russian energy…
Read moreGas pulls back after early spike on Russia threat
(Montel) European gas contracts were falling on Tuesday after spiking at the market open on a threat from…
Read moreGermany sees no scope for nuclear extensions
(Montel) Germany’s economy and environment ministries recommended on Tuesday against extending the lifespans of the country’s three…
Read moreItaly to wean itself off Russian gas by 2025 – minister
(Montel) Italy should become fully independent from Russian gas by 2025 as the government works to diversify its…
Read moreGerman power curve hits new high as energy supply fears grow
(Montel) Benchmark German power prices rose to a fresh record high on Tuesday, as markets nervously awaited…
Read moreShell to halt Russian spot oil purchases, withdraw from gas
(Montel) Shell will halt all spot purchases of Russian crude oil and begin a “phased withdrawal” from gas…
Read moreGerman spot power set to top EUR 400 again for Wednesday
(Montel) German day-ahead power looked set for prices in excess of an eyewatering EUR 400/MWh a day…
Read moreCoal, nuclear can help speed switch from Russian gas – EC
(Montel) Using coal and nuclear for longer could help the EU reduce its dependence on Russian gas more…
Read moreNew minister says Norway needs more green energy
(Montel) Norway must build more renewable power generation to remain a competitive location for power intensive industries, said…
Read moreEU gas suppliers to focus on storage amid record prices
(Montel) EU gas suppliers are acutely aware of the need to act on high consumer prices and are…
Read moreUniper writes down EUR 1bn in NS2, commits to gas imports
(Montel) German utility Uniper will write down its near EUR 1bn stake in the Russian-backed Nord Stream 2…
Read moreOil prices remain elevated as US continues to mull ban
(Montel) Oil prices remained elevated on Tuesday but off prior 13-years highs as the US continued to mull…
Read moreRussia threatens to cut off gas in retaliation for oil ban
(Montel) Russia has threatened to cut off gas supplies to Europe if the West bans oil imports from…
Read moreGas contracts retreat amid profit-taking
(Montel) European gas contracts surged to record highs on Monday but saw a sell-off in the afternoon…
Read moreNo energy sanctions on Russia – Rutte
(Montel) Europe does not plan to impose sanctions on Russian energy exports for fear of risking security of…
Read moreRotterdam still allowing Russian coal, but arrivals to slow
(Montel) Europe’s largest port is still allowing deliveries of Russian coal, but sources close to the hub anticipate…
Read moreSurging fuels catapult German spot power to historic peak
(Montel) German power spot prices leapt to a new record high on Monday driven by surging gas and…
Read moreNordic hourly spot prices hit record highs
(Montel) Hourly spot power prices in southern parts of Scandinavia hit record highs for Tuesday amid strong European…
Read moreCoal market eyes new price highs
(Montel) European coal prices look set to make further gains this week, after hitting a new high of…
Read moreFrench Storengy fails to sell storage amid high gas prices
(Montel) France’s Storengy failed to sell all its remaining winter gas storage capacity at extended auctions last week,…
Read moreLNG imports fall 18% to 2.5bcm last week
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, fell 18% last week to 2.5bcm, with another 33…
Read moreGerman April power hits record EUR 675/MWh on supply fears
(Montel) German April power soared to a record EUR 675/MWh on Monday morning amid fears of a western…
Read moreGerman spot power eyes record amid spiralling fuel prices
(Montel) German day-ahead power prices looked set to rise to a fresh record on Monday amid skyrocketing fuel…
Read moreEU faces “extreme scenario” without Russian gas – Engie boss
(Montel) Europe faces an “extreme scenario” if the region halts Russian gas flows amid the war in Ukraine,…
Read moreEuropean coal hits USD 500 on disruption concerns
(Montel) European coal prices hit record highs of USD 500/t in early Monday trading amid concerns of tightening…
Read moreCarbon tumbles as panic sends gas market soaring
(Montel) European carbon prices tumbled on Monday morning as a fear of energy sanctions on Russia sent…
Read moreDisruption fears drive gas up over EUR 140 to new highs
(Montel) Front month TTF gas prices surged over EUR 140 to new record highs in early Monday trading,…
Read moreDenmark pledges independence of Russian gas
(Montel) The Danish government has agreed with main opposition parties to become independent from Russian gas imports amid…
Read moreRussian gas flows remain elevated this morning
(Montel) Russian gas exports to northwestern Europe were up marginally on the week on Monday morning as…
Read moreTotalEnergies to remain invested in Russia – report
(Montel) French energy major TotalEnergies has no plans to exit its Russian businesses unless forced to do…
Read moreUK MPs call for more floating wind, shale gas U-turn
(Montel) A group of UK MPs have called on the government to boost the country’s targets for floating…
Read moreGerman minister warns against energy sanctions on Russia
(Montel) An immediate halt to oil and gas imports from Russia would jeopardise security of supply in Europe…
Read moreOil spikes 10% as US, allies may ban Russian crude
(Montel) Oil spiked 10% to its highest point since 2008 on Monday amid comments from the US it…
Read moreRWE, KFW bank, Gasunie sign deal for German LNG teminal
(Montel) Germany’s state-owned KFW bank, utility RWE and gas TSO Gasunie have signed a memorandum of understanding to…
Read moreBavaria mulls restart of 1.3 GW reactor amid crisis
(Montel) The German state of Bavaria is mulling the restart of the decommissioned Gundremmingen C nuclear power plant…
Read moreGas hits highs as war compounds supply concerns
(Montel) European gas contracts soared to fresh record highs on Friday afternoon as Russia’s ongoing war in Ukraine…
Read moreItaly regasification capacity no substitute for Russia halt
(Montel) Italy’s current regasification capacity would be insufficient to handle an increase in LNG deliveries should the country…
Read moreGascade frees up grid capacity for more LNG
(Montel) German gas grid operator Gascade has increased injection capacity from the Netherlands and Belgium in anticipation…
Read morePGNiG schedules record 0.5bcm LNG to Poland in March
(Montel) Poland's gas monopoly PGNiG has contracted 5 LNG carriers to the country this month, equivalent to a…
Read moreLatvenergo buys 2 TWh gas from Norway, US, Qatar
(Montel) Latvian energy group Latvenergo has bought 2 TWh of LNG from Norway, the US and Qatar to…
Read moreCold to put energy system under "unprecedented” strain
(Montel) Europe is facing the coldest period since December, which should boost gas demand for heating as prices…
Read moreGerman coalition backs Habeck opposition to energy sanctions
(Montel) The German economy minister’s opposition to extending sanctions on Russia to the country’s energy exports enjoyed…
Read moreCarbon price volatility to persist as war rocks markets
(Montel) European carbon prices were climbing on Friday but set to remain highly volatile in the coming days…
Read moreFrance faces serious hurdles to replace Russia gas – experts
(Montel) France could replace its 100 TWh/year of Russian gas imports with LNG, biogas, and hydrogen but it…
Read moreCoal prices resume upward surge to USD 400/t
(Montel) European coal prices resumed their upward surge in early Friday trading amid overriding supply concerns, with prompt…
Read moreNordic power front rises on stronger fuel, German prices
(Montel) Nordic power futures continued to rise on Friday morning on the back of stronger fuel and German…
Read moreUK should exploit own gas supply more – parliamentary panel
(Montel) The UK government should boost exploitation of the country’s domestic natural gas resources to ensure security of…
Read moreGerman spot power eyes record amid fuel surge, low wind
(Montel) German spot power prices looked set to jump over 40% to record levels next week amid…
Read moreRussia seizes Europe's biggest nuclear plant
(Montel) Russian troops captured Zaporizhzhia, Europe's biggest nuclear power plant (5.7 GW), in southeast Ukraine on Friday morning…
Read moreCrude climbs amid Ukraine conflict supply concerns
(Montel) Crude oil gained early on Friday on ongoing supply worries as traders avoided buying Russian oil products…
Read moreEC to propose EU gas storage measures next week
(Montel) The European Commission will propose gas storage measures next week to help mitigate the impact of any…
Read moreEnergy prices ease after spiking to record highs
(Montel) European coal, power and gas prices eased in Thursday afternoon trading after surging to new highs earlier…
Read moreWar shows EU needs higher, 45% renewables 2030 target – MEP
(Montel) Russia’s war with Ukraine shows the EU needs a higher, 45% renewables target for 2030 to reduce…
Read moreFront-month gas hits record high in supply fears
(Montel) The European benchmark gas contract soared to a record high on Thursday morning amid fears that Russia’s…
Read moreCoal nosedives from record highs
(Montel) European coal prices hit fresh record highs early on Thursday, as global efforts to replace Russian supplies…
Read moreGerman April power leaps to record high EUR 400
(Montel) German April power prices leapt to a record high EUR 400/MWh earlier on Thursday as gas supply…
Read moreGO prices ease across the board on increased supplies
(Montel) Guarantees of origin (GO) prices for all production years have edged lower in the week to Thursday,…
Read moreRussian LNG struggles to find buyers – experts
(Montel) Russian LNG cargoes are struggling to find buyers, with vessels diverted to alternative destinations, offering discounts or…
Read morePolish utility offers to launch 1.3 GW Ukraine-Poland link
(Montel) Polish utility Ze Pak has offered to modernise and re-launch an idle 1.3 GW power link between…
Read moreFortum halts new Russian investments
(Montel) Finnish utility Fortum has stopped all new investment projects in Russia until further notice, it said on…
Read moreGerman spot power to rise on gas, colder outlook
(Montel) German day-ahead power looked set to rise 11% on Thursday, as jumping gas costs and forecasts…
Read moreFortum hedges half of 2023 output at EUR 31/MWh
(Montel) Finnish utility Fortum hedged half its expected power output for 2023 by the end of last year…
Read moreNord Stream 2 exit would cost Engie near EUR 1bn
(Montel) French utility Engie would lose EUR 987m if it pulled out of the Nord Stream 2 gas…
Read moreCrude hits nine-year high on Ukraine war supply worries
(Montel) Crude oil hit a nine-year high early on Thursday on uneasiness about the supply fallout of Russia’s…
Read moreWintershall writes off EUR 1bn investment in Nord Stream 2
(Montel) German energy company Wintershall Dea said it is writing off its investment of about EUR 1bn in…
Read moreFuels spike as market scrambles for supply
(Montel) European fuel prices spiked to fresh record highs on Wednesday as buyers scrambled to secure supply and…
Read moreBaltic TSOs to cut Russia power import capacity by 80%
(Montel) The Latvian, Lithuanian and Estonian TSOs will cut power imports from Russia by around 80% from maximum…
Read moreNordic April, Q2 power spiral to high on fuels surge
(Montel) Nordic power futures spiralled to record highs on Wednesday amid skyrocketing fuels prices on the back…
Read moreCarbon dives to 19-week low of EUR 55/t
(Montel) European carbon prices crashed on Wednesday to a 19-week low, as speculators and Russian entities continued to…
Read moreSpain extends emergency energy measures amid Ukraine crisis
(Montel) Spain has extended emergency measures to tackle spiralling energy prices amid the impact of the Russia-Ukraine…
Read moreCoal skyrockets USD 80 to new multi-year highs
(Montel) European coal prices soared nearly 30% to fresh multi-year highs in early Wednesday trading as buyers shunned…
Read moreEuropean gas surges 50% to record high near EUR 200
(Montel) European gas prices surged on Wednesday morning to a record high of almost EUR 200/MWh as…
Read moreUK TSO seeks clarity on blocking Russian LNG imports
(Montel) UK TSO National Grid is seeking clarity from the UK government on whether to block cargoes of…
Read moreExxonMobil to discontinue Russian operations, investments
(Montel) US energy firm ExxonMobil will discontinue operations at Russia’s Sakhalin 1 oil field and make no new…
Read moreGerman spot power eyes 5-week high
(Montel) German day-ahead power prices looked set to reach their highest levels in five weeks on Wednesday…
Read moreOil prices jump to near 8-year highs on supply fears
(Montel) Oil prices rose to near eight-year highs as the International Energy Agency’s (IEA) decision to release 60m…
Read moreOMV considers Nord Stream 2 exit
(Montel) Austrian oil and gas company OMV is considering abandoning its financial investment in the Russian-backed gas pipeline…
Read moreFrance faces high gas prices without Russian flow – analysts
(Montel) France faces “stratospheric” prices for its gas supply if Russian flows are cut off and the country…
Read moreSurging coal underpins jittery gas market
(Montel) Coal prices on Tuesday soared to their highest levels in many years as buyers feared widespread disruption,…
Read moreGerman power surges on fears of gas supply loss
(Montel) German power contracts surged amid higher gas prices on Tuesday, as the market still feared a…
Read moreFinland could cope without Russian power supplies – TSO
(Montel) Finland’s power supply would be secure even if Russia halted exports to its neighbouring country due to…
Read moreGas prices gain on Russian LNG supply fears
(Montel) European gas prices extended gains on Tuesday amid concerns about Russian LNG arrivals and fuel shortages,…
Read moreCarbon prices fall 4% to 6-week low
(Montel) European carbon prices plunged 4% to a six-week low on Tuesday, pressured by continued financial entities liquidation…
Read moreGerman energy traders shun Gazprom deals on sanction fears
(Montel) At least three small German utilities are shunning new deals with Gazprom’s trading arm in London, sources…
Read moreCoal surges to multi-year highs as buyers snub Russia
(Montel) European coal prices on Tuesday soared nearly USD 50 to their highest levels for at least 16…
Read moreEU LNG arrivals to rise despite Russia concerns – experts
(Montel) European LNG vessel arrivals are set to rise over the next four weeks following an end to…
Read moreNordic power extends gains on higher fuels, cold spell
(Montel) Nordic power futures continued to climb on Tuesday amid stronger European fuels prices, exacerbated by fears…
Read moreTotalEnergies to halt investment for new projects in Russia
(Montel) TotalEnergies will “no longer provide capital for new projects in Russia” in the wake of the Russian…
Read moreItaly may cut gas use by power plants on supply concerns
(Montel) Italy may curb gas consumption in power plants as part of new preventive measures approved late on…
Read moreEU prepared for Russia gas cuts, can survive winter – Simson
(Montel) The EU is prepared for Russia to cut gas supplies in response to sanctions and can get…
Read moreGerman spot power eyes 16% rise as wind slumps
(Montel) German day-ahead power prices looked set to gain around 16%, or around EUR 39, on Tuesday…
Read moreFinland’s Neste replaces Russian crude with alternatives
(Montel) Finnish oil major Neste is replacing Russian crude oil with alternatives, such as North Sea oil, at…
Read moreEU needs more gas links, must end Russia reliance – Spain
(Montel) The EU should speed up the development of gas pipelines, including a new conduit linking Spain…
Read moreOil prices remain elevated as Russian sanctions bite
(Montel) Oil prices remained elevated on Tuesday as the crisis in Ukraine showed no sign of ending –…
Read moreShell exits joint LNG, NS2 projects with Gazprom
(Montel) Energy giant Shell will exit its joint ventures with Russia’s Gazprom, including its involvement with the Nord…
Read moreBerlin faces energy policy overhaul due to Russia rift
(Montel) Russia’s invasion of Ukraine has shattered German policy assumptions and forced a sweeping revision of parties’…
Read moreEC plans joint gas buying move to fill storage before winter
(Montel) The European Commission plans a strategic joint gas buying pilot to fill storage ahead of next winter,…
Read moreEnergy complex mixed as market tracks Ukraine
(Montel) European gas prices trimmed robust gains from earlier in the day, while coal kept rising and CO2…
Read moreEC to offer guidance on taxing windfall profits
(Montel) The European Commission plans to offer guidance on taxing windfall profits in the power sector created by…
Read moreEC wants more public, detailed carbon market data
(Montel) The European Commission wants more public, detailed data on trading carbon emission allowances and their derivatives to…
Read moreGerman power curve gains on fears about energy flows
(Montel) German power curve prices gained on Monday, as Russia’s attack on Ukraine continued to heighten market fears…
Read moreNuclear investors urge Dutch to commit to new plants
(Montel) Potential investors in new Dutch nuclear plants are calling on the government to prove it is serious…
Read moreEDF sees 1,330 reactor outage extension days in 2021
(Montel) EDF extended planned outages at its 56 French nuclear reactors by a total of 1,330 days last…
Read moreGermany to target carbon neutrality in power mix by 2035
(Montel) The German government aims to reach carbon neutrality in the country’s power mix by 2035, effectively ending…
Read moreCoal prices jump 20% amid conflict fears
(Montel) European coal prices jumped sharply in early Monday trading, driven by initial gains in the gas markets…
Read moreSpain power spot, forwards extend gains on higher gas
(Montel) Spanish power spot and futures prices were set for further gains this week, as gas prices…
Read moreGas surges EUR 30 as war in Ukraine persists
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub soared more than EUR 30 on Monday…
Read moreRussia gas payments can continue despite sanctions – Germany
(Montel) Payments for Russian gas will continue despite tighter western sanctions at the weekend that selectively target…
Read moreEU to seek Ukraine-Europe grid synchronization
(Montel) EU energy commissioner Kadri Simson will ask European energy ministers later on Monday to support emergency synchronization…
Read moreGazprom plans no gas auctions to EU this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 23rd…
Read moreCarbon slumps following weekend’s tighter Russia sanctions
(Montel) European carbon prices slumped EUR 6 on Monday after Western nations stiffened their sanctions against Russia’s…
Read moreNordic prices surge to record on fuel rally, drier outlook
(Montel) The Nordic Q2 contract jumped more than EUR 6 to a year high on Monday, while the…
Read moreNo immediate threat to Danish gas supply – agency
(Montel) There is no immediate threat to Danish gas supply despite Russia’s invasion of Ukraine continuing unabated, said…
Read moreGerman spot power to rise 20% as wind, solar output drops
(Montel) German day-ahead power prices looked set to rise around EUR 42 on Monday, as forecasts indicated a…
Read moreEU gas prices spike 35% as Russian onslaught persists
(Montel) European gas prices surged over 35% in early Monday trading as Russia continued its invasion of Ukraine,…
Read moreEU energy ministers to hold emergency meeting
(Montel) EU energy ministers will hold an emergency meeting later today on concerns energy supplies will be disrupted…
Read moreOil exceeds USD 100 on supply fears as crisis intensifies
(Montel) Oil prices exceeded USD 100/bbl and hit a 7.5-year high on Monday as the Ukraine crisis intensified,…
Read moreBP exits stake in Rosneft due to Russian “aggression”
(Montel) BP will exit its 19.75% stake in Russian state-owned oil firm Rosneft, due to Russia’s continuing attack…
Read moreItaly to incentivise early filling of gas storage sites
(Montel) Italy is considering “exceptional” measures to incentivise gas storage replenishment, it said on Saturday amid the ongoing…
Read moreLong-term gas rise may lift German power to EUR 160 – expert
(Montel) Gas prices rising in the long run amid Russia’s invasion of Ukraine and supply uncertainty could drive…
Read moreGerman power prices plummet on higher Russian gas flows
(Montel) German power prices fell sharply on Friday, as Russian gas deliveries to western Europe increased despite the…
Read moreCO2 prices stabilise after rout as sanction fears ease
(Montel) European carbon prices stabilised on Friday and stood only slightly lower on the week as energy…
Read moreGas prices slump after rise on supply uneasiness
(Montel) European gas prices slumped on Friday in the wake of buying in the previous session on supply…
Read moreNordic front power tumbles EUR 9 on gas price correction
(Montel) Nordic front-month power plummeted EUR 9 on Friday amid a sharp downward correction in the European…
Read moreRussian gas flows rise 7% despite Ukraine invasion
(Montel) Russian gas exports to northwestern Europe were up 7% on Friday morning despite the country’s invasion…
Read moreNorway gas TSO prepares for possible Russian cyber-attack
(Montel) Norwegian gas TSO Gassco has warned of the potential for cyber-attacks following the escalating conflict between Russia…
Read moreGerman spot power to double on less wind, fuel surge
(Montel) German spot power prices were on course to double next week amid reduced wind generation and…
Read moreEU targets Russia’s oil refineries in new sanctions
(Montel) EU leaders have agreed to widen sanctions on Russia for invading Ukraine to include an export ban…
Read moreCrude oil climbs amid Russian supply uncertainty
(Montel) Crude oil was higher early on Friday, as uncertainty about potential disruptions in Russian oil supplies and…
Read moreNord Stream 2 gas pipeline is “dead” – analysts
(Montel) The controversial Nord Stream 2 pipeline is unlikely to go ahead in light of Russia’s decision…
Read moreEnergy prices soar across board on Ukraine invasion
(Montel) Energy prices soared on Russia’s full-scale invasion of Ukraine on Thursday as markets weighed the possible…
Read moreGerman energy supply secure but action required – minister
(Montel) Germany’s energy supply is secure for the winter with sufficient reserves, though the country would implement…
Read moreKey Russian Black Sea coal terminal “operating as usual”
(Montel) Russia’s main southwestern coal export terminal at Taman has not been affected by the conflict in nearby…
Read moreCoal prices spike by a quarter on supply fears
(Montel) European coal prices spiked by around 26% to more than four-month highs in Thursday trading on fears…
Read moreGerman power curve hits record highs on supply uncertainty
(Montel) The German power curve jumped on Thursday on fuel supply uncertainty after Russia attacked Ukraine, with some…
Read moreUkraine crisis poses “major risk” to 1.2 GW Finnish reactor
(Montel) The Russian invasion of Ukraine poses a “major risk” to the 1.2 GW Hanhikivi 1 project, Finnish…
Read moreEU gas storage refill ahead of winter “could cost EUR 80bn”
(Montel) Filling EU gas storage facilities ahead of winter in the event of a full curtailment of Russian…
Read moreGas prices hit 2-month high on Russia supply concerns
(Montel) European gas contracts soared to two-month highs on Thursday, as a full-scale Russia invasion of Ukraine…
Read moreEU expects robust LNG imports on weak Russia flows – experts
(Montel) Robust LNG imports so far this year will likely persist into summer, with Russian flows likely to…
Read moreRussia unlikely to halt gas flows to Europe – analysts
(Montel) Russia is unlikely to halt gas exports to Europe in the wake of its invasion of Ukraine,…
Read moreUkraine severs power links with Russia, Belarus
(Montel) Ukraine has disconnected its power grid with Russia and Belarus following Russian military action on its territory,…
Read moreNordic power prices jump on fuel gains amid Ukraine attack
(Montel) Nordic power prices soared early on Thursday, as the Russian invasion of Ukraine sent German power and…
Read moreRussian military action might delay 1.2 GW Finnish reactor
(Montel) Construction of nuclear developer Fennovoima’s 1.2 GW Finland plant could be delayed if Russian military action and…
Read moreNo “quick fix” to boost Norway gas exports to EU – Equinor
(Montel) Norway is already exporting gas at maximum capacity to the EU and there is no “quick fix”…
Read moreGerman power curve jumps EUR 20 on invasion, spot eases
(Montel) German benchmark power prices soared EUR 20 as fuel prices jumped on Russia’s invasion of Ukraine…
Read moreEU in urgent talks on more severe Russia sanctions
(Montel) EU leaders will discuss further sanctions against Russia for its military incursion into Ukraine at a hastily…
Read moreGas, power, coal prices soar as Russia invades Ukraine
(Montel) European gas, power and coal prices soared – with gas up as much as 40% to around…
Read moreRussian gas flows rise 10% despite attack on Ukraine
(Montel) Gas flows from Russia via two key conduits rose by around 10% on the day, system operator…
Read moreUS sanctions Nord Stream 2 developer
(Montel) The US has imposed sanctions on Nord Stream 2 AG, the company developing Russia’s pipeline to…
Read moreCrude prices top USD 100 on Russian invasion of Ukraine
(Montel) Crude oil soared past USD 100 for the first time since 2014 early on Thursday as Russia…
Read moreNorway, Spain to have lowest H2 costs by 2030 – Aurora
(Montel) Norway and Spain will see the lowest electrolysis costs of around EUR 3/kg for the production of…
Read moreCarbon, coal rise amid gas stock fears
(Montel) European carbon and coal prices rose on Wednesday to recent highs amid unease about the ripple effects…
Read moreFinland has enough gas even if Russia turns off taps – TSO
(Montel) There will be enough gas to supply the Finnish market even if Russia cuts off flows, TSO…
Read moreColder outlook to lift German gas demand amid supply fears
(Montel) A colder weather outlook could lift German gas demand over the coming weeks, aggravating an already tight…
Read moreNorway, EU aligned in move away from gas – PM
(Montel) Norway and the EU are aligned in their understanding that unabated natural gas is a transitional energy…
Read moreGerman Cal 23 power hits record high on supply unease
(Montel) German power prices rose on Wednesday amid gas supply fears surrounding Russia-Ukraine tension and an illiquid market…
Read moreCO2 hits 2-week peak on potential for higher coal burn
(Montel) European carbon prices jumped to a two-week high above EUR 95/t on Wednesday in reaction to the…
Read moreGas rally continues as market awaits clarity on Ukraine
(Montel) European forward gas prices extended their rally for a second day on Wednesday as “nervous” markets eyed…
Read moreMarket interventions don’t work – Iberdrola CEO
(Montel) Market interventions to curb power prices do not work in the long run, the CEO of Spanish…
Read moreCoal jumps to 4-month high as supply concerns persist
(Montel) European coal prices surged to four-month highs in Wednesday trading, as Russia’s military presence in eastern Ukraine…
Read moreNordic front-month power jumps near EUR 10 on fuels rally
(Montel) Nordic front-month power jumped nearly EUR 10 on Wednesday amid a continuing fuels rally on the…
Read moreItaly could run out of gas due to Russia crisis – analysts
(Montel) Italy would only have gas supplies to last a few weeks if Russia halted flows amid the…
Read moreGerman power to trade flat as demand offsets rising wind
(Montel) German day-ahead power prices looked set to remain flat on Wednesday as rising wind power generation…
Read moreSanctions could hit Uniper’s Russian business
(Montel) International sanctions targeting Russia could also impact German utility Uniper’s Russian business interests, including its subsidiary…
Read moreEC backs Nord Stream 2 delay, urges switch from Russian gas
(Montel) Germany is right to reassess if Russia’s 55bcm/year Nord Stream 2 gas link project is required, said…
Read moreBerlin could still cancel Nord Stream 2 – minister
(Montel) Berlin could still cancel the contested Nord Stream 2 pipeline project, after freezing the certification process on…
Read moreRussia threat drives up energy complex
(Montel) European energy prices rose sharply in Tuesday trading after Russia’s military incursion into eastern Ukraine triggered fears…
Read moreEurope utilities prepare for disrupted Russia gas – Eurasia
(Montel) European utilities are preparing for likely disruptions to Russian piped gas supply due to infrastructure damage or…
Read moreAnalysts shrug off impact of NS2 halt on gas supply
(Montel) European energy analysts on Tuesday broadly downplayed any potential impact to Russian gas supply in light of…
Read moreEU to impose limited sanctions on Russia
(Montel) The EU will table sanctions against Russian entities later on Tuesday that largely focus on breakaway…
Read more“We must be prepared for Russia gas flow halt” – Swedish MEP
(Montel) Europe must be prepared for an interruption of Russian gas flows due to the current crisis in…
Read moreLNG imports sink 28% to 2.6bcm last week
(Montel) Seaborne LNG deliveries to European destinations, including Turkey, sank 28% last week to 2.6bcm, though another 44…
Read moreGas prices spiral on NS2 halt, Russia-Ukraine escalation
(Montel) European front-month gas prices spiralled near EUR 10 on Tuesday as Germany halted the approval process of…
Read moreScholz halts certification of Nord Stream 2 gas pipeline
(Montel) German chancellor Olaf Scholz has ordered a halt to the certification of the Nord Stream 2 gas…
Read moreNordic power front jumps EUR 4 on drier outlook
(Montel) Nordic power futures rose sharply on Tuesday morning in response to drier forecasts and higher fuel prices…
Read moreEU coal jumps USD 14 as Ukraine crisis stokes supply fears
(Montel) European front-month coal prices jumped 8%, or nearly USD 14, in early Tuesday trading as reports of…
Read moreSpain gas supply solid amid Ukraine crisis – Enagas
(Montel) Spain was in a “slightly better position” than the rest of Europe regarding security of gas supply…
Read moreRussian gas flows unaffected by conflict – Refinitiv
(Montel) Russian gas exports to northwestern Europe along two key conduits were little changed early Tuesday, with flows…
Read moreEnergy spikes on reports of Russian troops entering Ukraine
(Montel) European energy prices spiked on Tuesday on reports of Russian troops entering eastern Ukraine, raising the threat…
Read moreGerman spot power set for 9% jump on lower wind output
(Montel) German day-ahead power prices looked set to rise around 12%, or EUR 15, on Tuesday as forecasts…
Read moreOil hits 7-year high as Putin orders troops into Ukraine
(Montel) Brent crude oil prices hit a seven-year high on Tuesday as war came a step closer with…
Read moreCO2 rises on strong auction, compliance buying
(Montel) European carbon prices climbed on Monday amid support from a strong allowance auction, solid compliance buying and…
Read moreEC to consider compulsory gas reserve levels – commissioner
(Montel) The European Commission will assess if the bloc needs to establish compulsory levels for gas storage ahead…
Read moreGerman power gains on Russia-Ukraine tension, stronger CO2
(Montel) German power contracts gained on Monday amid ongoing Russia-Ukraine tension and a stronger carbon market.…
Read moreNordic Elcerts finance 53 TWh at closure, exceed target
(Montel) The joint Swedish-Norwegian Elcert scheme for financing new renewables output contributed to 53.3 TWh by its closure…
Read moreSpanish spot power to rebound on less wind
(Montel) Spanish spot power prices looked poised to rebound around EUR 8 this week amid lower wind…
Read moreDelayed coal supplies underpin prices
(Montel) European coal prices rose in early Monday trading, with the prompt contract this week likely to draw…
Read moreStorms continue to impact EU coal import operations
(Montel) Storms have impacted operations at northwest Europe’s largest coal import hubs in the Netherlands and Belgium since…
Read moreEurope and Asia may see LNG “price war” in Q2 – analysts
(Montel) Rising Asian LNG restocking demand at a time of below-normal Russian pipeline supply into Europe could lead…
Read moreMarch gas drops EUR 1 on higher Norway flows, strong wind
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 1 on Monday amid rebounding…
Read moreNordic front power softens as wet, mild outlook persists
(Montel) Nordic front power contracts edged down on Monday amid a continuous wet and mild outlook. …
Read moreEurope able to cope with tight winter gas market – EC
(Montel) The EU should be able to cope with a tight gas market this winter despite reduced supply,…
Read moreGerman spot power to surge EUR 50 as record wind declines
(Montel) German day-ahead power prices looked set to surge over 60%, or almost EUR 50, on Monday…
Read moreUniper extends outages at storm-hit 1.4 GW UK plant
(Montel) Uniper has extended unplanned outages at its 1.4 GW gas-fired plant in southeast England, with one unit…
Read moreCrude oil falls on proposed Biden-Putin summit
(Montel) Crude oil was falling on Monday as US president Joe Biden and Russian counterpart Vladimir Putin had…
Read moreRWE, Uniper launch EUR 4bn lawsuit over fossil fuel exit
(Montel) Several European energy firms, including RWE, Uniper and Rockhopper, are suing four governments for EUR 4bn over…
Read moreCoal prices drop to near three-week low
(Montel) European front-month coal prices fell to near three-week lows on Friday as a milder weather outlook and…
Read moreEDP eyes 25% drop in hydropower output amid drought
(Montel) Portuguese utility EDP expects its annual hydropower output to drop by 2 TWh, or 25%, this…
Read moreGas storage to end winter above 2018 low – analysts
(Montel) Europe is likely to exit winter with especially low gas inventories, but they are still likely…
Read moreRussian “blockade” threatens Ukraine’s coal imports
(Montel) Russian naval drills in the Black Sea threaten to further hamper Ukraine’s coal imports, with rail deliveries…
Read moreSpain hydro unlikely to ease power on “extreme” drought – EQ
(Montel) Spain’s power market was unlikely to see pressure from hydropower output in Q2, as the country has…
Read moreItaly’s January power demand rises 2% to 27 TWh
(Montel) Power demand in Italy rose nearly 2% year on year to 27.47 TWh in January, TSO Terna…
Read moreGerman March power sheds nearly EUR 6 on windy, mild outlook
(Montel) German front-month power fell on Friday as the latest weather forecasts showed the current mild and windy…
Read moreEUAs face pressure from weaker sentiment
(Montel) European carbon prices rebounded on Friday but remained sharply lower on the week as reports of…
Read moreEDF plans EUR 2.5bn capital increase, sees 90% trading gain
(Montel) French utility EDF plans to increase its capital by EUR 2.5bn to help the company cope with…
Read moreNordic power rises amid drier, cooler weather outlook
(Montel) Nordic front power contracts were trading higher on Friday morning amid a drier and slightly cooler weather…
Read moreFrance extends biggest 3 GW hydropower concession to 2041
(Montel) France will extend to 2041 the country’s biggest 3 GW hydropower concession on the Rhone River after…
Read moreGermany set for mild, windy weather until mid-March
(Montel) Mild and windy weather would persist in Germany over the next four weeks, with wind generation levels…
Read moreEni 2021 renewable capacity triples, energy output doubles
(Montel) Italian energy company Eni more than tripled its installed renewable capacity in 2021 year on year, and…
Read moreGerman spot power to rise next week as wind dips
(Montel) German spot power prices looked set to gain next week, as recent high wind output was…
Read moreCrude prices fall on optimism about more Iranian oil
(Montel) Crude oil was lower early on Friday on optimism about increased Iranian oil exports as talks moved…
Read morePower CEOs warn against changing market rules
(Montel) Changing market rules to mitigate current high power prices would have damaging long-term impacts on the EU’s…
Read moreEDP installs “record” 2.6 GW green capacity in 2021
(Montel) Portuguese utility EDP added a company record of annual installed solar and wind capacity of 2.6…
Read moreFrance launches call for biomass projects to replace coal
(Montel) France has launched a call for “expressions of interest” aimed at identifying and supporting projects to replace…
Read moreCarbon hits 3-week low on allowance concern
(Montel) European carbon prices plunged to a three-week low on Thursday amid concerns that some countries may have…
Read moreRWE dominates German power market – cartel office
(Montel) RWE last year gained a “market dominant position” in Germany as the country crossed a threshold…
Read moreItaly sees surge in demand for renewable links to grid
(Montel) The number of requests to connect renewable plants to the Italian electricity network have grown a “remarkable”…
Read moreGerman power rises on Russia-Ukraine, Nord Stream 2 unease
(Montel) German power contracts for the rest of the year rose on Thursday amid lingering fears that…
Read moreCarbon slips on price control plans
(Montel) Carbon prices eased further on Thursday as details of a key European parliamentarian’s plans to rein…
Read moreEndesa signs 110 GWh PPA for all brewer Mahou’s energy needs
(Montel) Spanish utility Endesa has signed a 10-year power purchase agreement (PPA) with brewer Mahou, for the…
Read moreOTC gas trading volumes drop 34% in January – Leba
(Montel) Traded gas volumes in European brokered markets slumped 34% year on year in January, led by a…
Read moreUK LNG arrivals slide 14% in first half of February
(Montel) UK LNG arrivals in the first half of February declined 14% versus the same period last month,…
Read moreGas prices jump as Russian impasse persists
(Montel) European gas climbed more than EUR 5 amid a continued impasse between the West and Russia over…
Read moreSpain’s LNG re-exports accelerate amid volatile market
(Montel) Volatile arbitrage windows have encouraged “opportunistic” Spanish companies to re-export LNG to northwest Europe and Asia, with…
Read moreRWE sees higher power generation margins in 2022
(Montel) German utility RWE has revised up its outlook for power generation margins this year, amid tight supply…
Read moreNordic power rises despite mild outlook on stronger fuels
(Montel) Nordic power futures rose slightly on Thursday despite a mild outlook due to stronger fuels prices, which…
Read moreMEP Liese proposes stronger carbon price control
(Montel) The EU’s carbon market would have a stronger price control mechanism and annual reviews by the EU’s…
Read moreAsia-Pacific coal prices slip, but supply still tight
(Montel) Asia-Pacific benchmark coal prices weakened nearly 5% this week as Chinese stock levels grew, but still-tight seaborne…
Read moreGerman spot power to lift off lows on less wind
(Montel) German day-ahead power prices looked set to jump from their lowest weekday levels this year on…
Read moreStatkraft trading unit posts loss of EUR 430m on volatility
(Montel) The trading arm of Statkraft, Norway’s largest power producer, posted an operating loss of NOK 4.3bn…
Read moreIlmatar plans 300 MW wind farm in Finland
(Montel) Finnish renewable energy developer Ilmatar wants to build an onshore wind farm in northern Finland with up…
Read moreOil prices soften as Iran nuclear talks progress
(Montel) Oil prices traded lower early on Thursday amid reports of progress in talks in Vienna to revive…
Read moreGermany sees new wind record above 47 GW
(Montel) German wind power generation set a new record of 47,119 MW on Wednesday between 20:45-21:00 CET, according…
Read moreItaly to unveil more energy cost curbs next week – Draghi
(Montel) Italy will unveil additional measures to tackle the impact of rising energy prices next week to reduce…
Read moreEU too reliant on Russian gas, needs to diversify – Nato
(Montel) Europe has become too reliant on Russian gas and needs to diversify its energy supplies, Nato secretary…
Read moreGerman power prices firm amid jittery energy complex
(Montel) Germany’s benchmark power contract gained slightly on Wednesday amid a jittery energy complex as the market remained…
Read moreLower flows spur gas gains despite less Ukraine unease
(Montel) European gas prices recovered from a six-week low on Wednesday morning, as lower pipeline flows offset…
Read moreNordic power trades flat as wet, mild outlook persists
(Montel) Nordic power contracts were trading flat on Wednesday on persistent wet and mild weather forecasts.…
Read moreASE receives EUR 400m funding for 2 GW solar capacity
(Montel) Ampyr Solar Europe (ASE) has received EUR 400m in funding to develop 2 GW of solar capacity…
Read moreEDF Renewables Ireland plans 50 MW Irish onshore wind farm
(Montel) EDF Renewables Ireland is planning to build a 50 MW wind farm in Ireland’s mid-west region that…
Read moreColombia doubles coal exports to EU amid Russia shortfall
(Montel) Colombia has more than doubled thermal coal exports to northwest Europe so far this year, versus…
Read morePolish power output rises 4.7% in January – TSO
(Montel) Polish power output rose 4.7% year on year to 16.1 TWh in January, TSO PSE said on…
Read moreOil prices firm as Russia-Ukraine concerns remain
(Montel) Oil prices traded a shade firmer early on Wednesday, following a sell-off in the previous session after…
Read moreGerman spot power to shed 40% as wind may soar to record
(Montel) German day-ahead power looked set to plummet over 40% on Wednesday as stormy weather could boost…
Read moreEC must refrain from EU ETS intervention – lobby groups
(Montel) The European Commission must avoid intervening in the EU ETS until a full report on carbon market…
Read moreRussia open to post-2024 Ukraine gas transit – Putin
(Montel) Russia is willing to keep sending gas to Europe via Ukraine beyond the 2024 expiry of…
Read moreCoal, gas slip as Putin downplays war threat
(Montel) European coal and gas prices dropped further in late Tuesday trading amid some signs of easing…
Read moreNorway CCS scheme faces delays, cost overruns
(Montel) A plan to capture carbon emissions from a cement factory in Norway is running four months behind…
Read moreNorway’s Agder posts 9% rise in power output, record profit
(Montel) Southern Norwegian utility Agder Energi increased its power generation by 9% to 8.9 TWh last year, it…
Read morePower demand responds more to prices than assumed – study
(Montel) Electricity demand responds more to price signals than commonly assumed, suggesting a wealth of untapped potential…
Read moreGermany may see record high wind as two storms near Europe
(Montel) Germany may see record high wind this week, with levels above 48 GW pressuring spot prices, as…
Read moreEasing Ukraine fears weigh on German power curve
(Montel) Benchmark German power prices were down 3% on Tuesday afternoon as fears of a Russian invasion…
Read moreEurope gas market to remain tight to spring 2023 – analysts
(Montel) European gas markets are set to remain tight until spring 2023 unless Russia increases its pipeline supplies,…
Read moreEU ban on Russian coal would leave “large hole” – WoodMac
(Montel) A blanket EU ban on Russian coal imports, in the event of a military conflict, would…
Read moreAxpo signs 22 MW Polish wind PPA
(Montel) Swiss utility Axpo has signed a nine-year power purchase agreement (PPA) with UK-headquartered Green Investment Group for…
Read moreGas prices slump on reports Russia pulling back some troops
(Montel) European gas prices dropped on Tuesday amid media reports of a troop pullback from the Ukraine border…
Read moreNordic power futures fall EUR 1.50 as German market slides
(Montel) Nordic power futures fell on Tuesday following a EUR 11 sell-off on German equivalents thanks to…
Read moreEngie trading arm’s results double in 2021 amid high prices
(Montel) Rising power prices last year helped French utility Engie’s trading arm, GEMS, achieve a more than…
Read moreEDF confirms new safety checks on French reactors
(Montel) French utility EDF will check auxiliary cooling circuits, or RRAs, at its 56 domestic reactors, it confirmed…
Read moreSweden names 3 areas for 20-30 TWh annual offshore wind
(Montel) Sweden on Tuesday named three areas where it plans to develop 20-30 TWh of annual offshore wind…
Read moreGlencore to boost coal output 17% in 2022
(Montel) Anglo-Swiss trading and mining firm Glencore plans to raise coal production this year by 18m tonnes…
Read morePolish SMR moves a step closer after deal finalised
(Montel) Polish miner KGHM has signed a deal with US firm NuScale Power to develop and build…
Read moreEveryone wants in on Spanish solar – Steag
(Montel) The Spanish renewables market is very attractive for investors and is “one of the most important…
Read moreAcer seeks more data to monitor intraday power trading
(Montel) Acer is seeking more data from power market operators to improve its ability to monitor trading in…
Read moreGerman spot power eyes 26% drop on higher wind output
(Montel) German day-ahead power prices looked set to fall around 26% on Tuesday as forecasts called for wind…
Read moreOil falls but volatility remains on Russia-Ukraine tension
(Montel) Oil was falling on Tuesday as tension over a possible Russian invasion of Ukraine seemed to abate…
Read moreFalling CO2 defies bullish energy complex
(Montel) European carbon prices were falling on Monday amid ongoing concerns around market reform, and negative technical signals…
Read moreHungary plans to launch GO market this summer
(Montel) Hungary plans to launch a guarantees of origin (GO) market platform by 1 July, said the country’s…
Read moreGerman power gains on French nuclear issues, strong gas
(Montel) German front-month power rose on Monday amid renewed concerns around French nuclear availability and on strength…
Read moreIce disruptions still a concern for Baltic coal exporters
(Montel) Russian coal exporters to Europe may still face some ice-related disruptions to shipping in the Baltic…
Read moreGas prices jump as Russia concerns aggravate supply woes
(Montel) European gas prices jumped more than EUR 10 earlier in volatile trading on Monday as growing fears…
Read moreUS LNG to offer gas supply relief to Europe
(Montel) More than 30 US-origin LNG vessels were in transit to European destinations, offering some relief to concerns…
Read moreNordic power front rises on gas gains due to Ukraine tension
(Montel) Nordic power futures rose on Monday, as increased fear of a war between Russia and Ukraine lifted…
Read moreNew issue at EDF reactors could lead to more outages
(Montel) French utility EDF has uncovered a new potential safety issue affecting its reactors' circuits that could see…
Read moreAlpiq, Outokumpu sign 10-year 15 MW German PPA
(Montel) Swiss utility Alpiq and Finnish steel producer Outokumpu have signed a 10-year wind power purchase agreement (PPA)…
Read moreGerman spot power eyes jump as renewables drop
(Montel) German day-ahead power prices looked set to gain on Monday amid forecasts of lower renewable output.…
Read moreCrude prices rise on concern about Ukraine invasion
(Montel) Crude oil was higher early on Monday on uneasiness about possible cuts in oil supplies resulting from…
Read moreMild outlook continues to curb energy complex
(Montel) European gas and carbon contracts recovered from losses early on Friday but remained under pressure as…
Read moreVattenfall gets nod for UK offshore wind project (1.8 GW)
(Montel) Swedish power producer Vattenfall has been awarded planning consent from the UK government for the 1.8 GW…
Read moreGerman power market volatility hurts liquidity – experts
(Montel) Record recent European energy price swings have kept a lid on liquidity in the German power market…
Read moreSSAB’s Finnish power demand could rise to 3 TWh by 2030
(Montel) Swedish steelmaker SSAB is set to triple its power consumption in Finland to 3 TWh by 2030…
Read moreGerman Cal 23 power jumps EUR 5 on French nuclear concerns
(Montel) Germany’s benchmark power contract jumped more than EUR 5 on Friday after French utility EDF slashed its…
Read moreIntervention fears spur EUA volatility
(Montel) European carbon prices look set to face heightened volatility next week as calls for a price control…
Read moreGas prices drop further as mild outlook weighs on demand
(Montel) European gas prices dropped for a second day, as a mild weather outlook and solid LNG intake…
Read moreOpec+ has “chronic underperformance” of supply targets – IEA
(Montel) Opec and its Russia-led partners have struggled to meet their agreed supply targets in recent months, contributing…
Read moreAcer to update intraday capacity rules by 13 April
(Montel) Acer is to decide on updated common rules for calculating long-term cross-zonal intraday capacity in the 13…
Read moreEDF slashes 2023 nuclear output target 12% to 300-330 TWh
(Montel) French utility EDF has slashed next year’s nuclear output target by 12%, or 40 TWh, to…
Read moreCarbon slumps below EUR 90/t on call for price control
(Montel) Europe’s benchmark carbon contract slumped below EUR 90/t on Friday, extending this week’s losses amid market concerns…
Read moreCrude prices fall on possible higher Iran exports
(Montel) Crude oil was lower early on Friday amid anticipation of possible increased Iran oil exports, as…
Read moreFrance to build up to 14 reactors, scraps closure plans
(Montel) France aims to build up to 14 nuclear reactors, while scrapping a plan to close 12…
Read moreOverly ambitious ETS would cause power price spike – MEP
(Montel) Adopting higher emission cuts in the ETS than proposed by the European Commission would raise power prices…
Read moreFrench nuclear cuts to affect power prices this spring – EQ
(Montel) Decades low French nuclear production targets will affect the European power market from spring onwards, with the…
Read moreNaturgy to split into generation, infrastructure arms
(Montel) Spanish utility Naturgy plans to split into separate arms, with one related to energy infrastructure and the…
Read moreMEP Liese urges strong CO2 price control mechanism
(Montel) The EU’s carbon market needs a stronger price control mechanism and more transparency, said the European Parliament’s…
Read moreGermany to free farmland for solar push
(Montel) Germany’s Green-led economy, environment and agriculture ministries have agreed proposals to relax restrictions on the deployment…
Read moreOil demand on track to surpass pre-pandemic levels – Opec
(Montel) Global oil demand looked set to exceed pre-pandemic levels above 100m bbl/day this year, as major economies…
Read moreFront-month gas hits near 3-week low amid mild weather
(Montel) European front-month gas contracts fell slightly to their lowest level since 21 January as the market sought…
Read moreSupply chain issues could delay wind projects – Vestas
(Montel) Global supply chain instability could drive up costs in the wind power industry and potentially delay projects,…
Read moreS African coal unlikely to help offset Russian drop
(Montel) South Africa’s coal exports have risen this year but low stocks and insufficient higher grade material…
Read moreNordic power drifts sideways as "no winter in sight"
(Montel) Nordic power futures were trading sideways on Thursday as the wet and mild weather was set to…
Read moreTotalEnergies’ LNG sales, profits soar on gas price surge
(Montel) French energy firm TotalEnergies reported on Thursday a 10% increase in LNG sales and a quadrupling…
Read moreEDF signs deal to buy GE Power's nuclear turbine unit
(Montel) French utility EDF announced on Thursday that it has signed an agreement to buy American energy…
Read moreFrench safety body denies EPR fuel leaks due to vessel flaw
(Montel) French nuclear safety body IRSN has denied that fuel-rod leaks that led to the shutdown of the…
Read moreNorway’s energy industry criticises offshore wind plan
(Montel) Norway’s energy sector has criticised a government plan to connect only 1.5 GW of planned offshore wind…
Read moreOil prices trade flat as market eyes Iran nuclear talks
(Montel) Oil prices traded narrowly mixed early on Thursday as market participants awaited the outcome of indirect US-Iran…
Read moreGerman spot power to drop 7% as wind and solar output rise
(Montel) German day-ahead power looked set to fall around EUR 13 on Thursday as forecasts indicated higher wind…
Read moreItaly’s ERG sells 480 MW gas plant to Enel
(Montel) ERG, a renewable energy operator in Italy, has agreed to sell a business unit that owns a…
Read moreCO2 falls EUR 3 on possible market intervention
(Montel) European carbon prices fell by more than EUR 3 in Wednesday afternoon trading, retreating from yesterday’s record…
Read moreLNG freight rates to Europe turn negative on vessel glut
(Montel) Atlantic LNG shipping costs have tumbled further into negative territory, as available capacity outstrips the pace of…
Read moreDenmark’s Be Green to launch 315 MW new solar this year
(Montel) Danish solar power developer Be Green expects three projects totalling 315 MW of capacity to be commissioned…
Read morePPA growth set to surge 40% in 2022 to new record – Pexapark
(Montel) European power purchase agreements (PPAs) are set to grow more than 40% year on year in 2022…
Read moreHigh power prices trigger calls to stop Sweden-Germany cable
(Montel) Swedish businesses and politicians have called for a stop to the planned 700 MW Hansa Power Bridge…
Read moreRWE plans 2 GW of hydrogen-ready gas plants
(Montel) RWE plans to develop 2 GW of “hydrogen ready” gas-fired power plants by 2030 at the…
Read moreRussia-Ukraine conflict could hit 30% of Europe’s gas supply
(Montel) An escalation of military tensions between Russia and Ukraine could put up to 155bcm/year – or…
Read moreGerman power front year gains on firm carbon, fuels
(Montel) Germany’s benchmark power contract gained on Wednesday with support from firm prices in the markets for CO2, coal…
Read moreGas prices slip on milder outlook, supply optimism
(Montel) European gas prices slipped in Wednesday trading amid the prospect of protracted mild weather and improved…
Read moreUS trims LNG export growth outlook 2% for 2022
(Montel) US LNG exports will likely rise 16% this year on increased capacity and strong European and…
Read moreNordic power Q2 hits 2.5-week low on wet, mild outlook
(Montel) Nordic power futures fell for the fifth consecutive session on Wednesday, with the Q2 contract hitting a…
Read moreRussian coal hub fire has “no influence” on operations
(Montel) A fire at one of Russia’s largest western coal export terminals, at Taman, has not affected…
Read moreAxpo, Nestle sign 5-year Swiss hydropower PPA
(Montel) Swiss utility Axpo will supply food manufacturer Nestle Switzerland with nearly 100 GWh/year of hydropower generation over…
Read moreFrance plans 14 new nuclear reactors by 2050 – media
(Montel) French president Emmanuel Macron is set to ask EDF to build up to 14 new nuclear…
Read moreGerman spot power eyes 15% rise amid renewables drop
(Montel) German day-ahead power looked set to rise around EUR 25 on Wednesday, buoyed by expectations of…
Read moreOil prices soften as some supply concerns ease
(Montel) Oil prices traded marginally lower early on Wednesday amid easing concerns about global supply tightness in the…
Read moreEquinor gas sales rise 11% in Q4 amid record profits
(Montel) Norwegian oil and gas major Equinor increased its gas sales by 1.7bcm year on year in…
Read moreCarbon benchmark extends record high
(Montel) Europe’s benchmark carbon price extended a record high above EUR 98/t on Tuesday, buoyed by the prospect…
Read moreBourses, TSOs set up committee to counter Acer reform
(Montel) European power exchanges and TSOs have established a joint steering committee in a bid to counter…
Read moreGerman operators secure quotas to run reactors to year end
(Montel) The operators of two of Germany’s three remaining nuclear reactors have secured quotas to keep them running…
Read moreSweden adds record 1 GW wind power in Q4
(Montel) Sweden commissioned a record 1,090 MW of new wind capacity in the fourth quarter of 2021, the…
Read moreGerman power front year nears 6-week high on EDF nuclear cut
(Montel) The German front-year power contract neared a six-week high on Tuesday after French utility EDF announced…
Read moreCleared coal derivatives on Ice fall 22% in January
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange fell by 22% on the…
Read moreFrench power curve jumps EUR 25 on nuclear output cut
(Montel) French forward power prices jumped up to EUR 25 on Tuesday after EDF cut its annual…
Read moreFew Spain power suppliers to go bust due to prices – lobby
(Montel) Few Spanish retail power suppliers are expected to go out of business this year as a result…
Read moreNordic front-month power hits lowest point since November
(Montel) The Nordic front-month power contract fell almost EUR 4 to hit a three-month low on Tuesday,…
Read moreRussian crisis drives EU, US to seek new energy supplies
(Montel) EU and US officials are working to shore up EU and Ukrainian energy security as the diplomatic…
Read moreCO2 surges to new high as EDF cuts nuclear target
(Montel) European carbon prices hit a new record high early on Tuesday above EUR 98/t following the downward…
Read moreBP’s gas output rises 6% amid price volatility
(Montel) UK energy major BP raised gas output 6% last year but warned of continued price volatility amid…
Read moreUK’s SSE sees 16% drop in renewable output
(Montel) UK energy firm SSE’s renewable energy output dropped 16% in the first three quarters of the…
Read moreGerman spot power to rise 18% on lower wind output
(Montel) German day-ahead power prices looked set to rise around 18% on Tuesday as forecasts showed wind power…
Read moreOil near multi-year highs despite prospect of Iranian supply
(Montel) Oil was still hovering near multi-year highs on Tuesday despite the prospect of returning Iranian supply as…
Read moreVattenfall, Seagust to bid for Norwegian offshore wind
(Montel) Swedish utility Vattenfall has teamed up with Norway’s Seagust to bid for upcoming licences for offshore wind…
Read moreEDF cuts 2022 nuclear output target to 295-315 TWh
(Montel) EDF has cut its 2022 nuclear production target to a new record low of 295-315 TWh,…
Read moreBiden vows to “end” NS2 project if Russia invades Ukraine
(Montel) US president Joe Biden threatened to halt the contested Nord Stream 2 gas pipeline project even without…
Read moreCO2 falls on more wind, but uptrend is intact
(Montel) European carbon prices dropped slightly on Monday amid a windy and mild weather outlook, but the overall…
Read moreGerman power futures slump amid mild, windy outlook
(Montel) Most German power futures prices traded lower on Monday afternoon, weighed down by forecasts for milder and…
Read moreLNG demand growth to slow in 2022 – Icis
(Montel) Global LNG demand could rise just 13.8m tonnes (18.76bcm) – or 3.7% – in 2022, below…
Read moreFinnish-Baltic gas market needs more hedging tools – CEO
(Montel) A lack of available long-term hedging products is limiting growth opportunities for the fledgling Baltic-Finnish gas market,…
Read moreEurope LNG imports could offset Russia-Ukraine gas cut – IHS
(Montel) LNG imports are already helping to offset lower Russian gas flows to Europe via Ukraine, so a…
Read moreSpain power front month drops EUR 9, spot moves sideways
(Montel) The Spanish March power contract fell below EUR 200/MWh on Monday, while the spot was set…
Read moreGas prices slide EUR 5 on mild weather, Russian flows
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell EUR 5 on Monday amid a…
Read moreGazprom fails to book gas transit capacity for Q2, Q3
(Montel) Russia's Gazprom has not booked any additional gas transit capacity to European destinations for the second…
Read moreNordic March power hits 2-week low as wet outlook confirmed
(Montel) The Nordic March contract slid almost EUR 3 to a two-week low of EUR 67.50/MWh on Monday…
Read moreStatkraft, Matrix Renewables sign 10-year Spanish solar PPA
(Montel) Norwegian utility Statkraft has signed a 10-year power purchase agreement (PPA) for the production from a…
Read moreGerman spot power eyes 63% gain as renewable output drops
(Montel) German day-ahead power prices looked set to rise around EUR 53 on Monday as forecasts indicated…
Read moreWorld’s leading firms engage in “bad practice” over GOs
(Montel) The world’s leading firms are using misleading climate pledges, including engaging in “bad practice” over their purchase…
Read moreCrude continues around 2014 high on supply woes, demand
(Montel) Crude was trading flat on Monday but around a seven-year high amid supply constraints and rising demand.…
Read moreCO2 hits new peak on bullish energy complex
(Montel) European carbon prices soared to a new all-time high above EUR 97/t on Friday after setting a…
Read moreSpain has LNG contingency if Russia halts flows – Naturgy
(Montel) Spain has surplus LNG regasification capacity available which could be employed in the event of any significant…
Read moreGerman power climbs EUR 3 on CO2 record, gas gains
(Montel) German front-year power continued its rise on Friday, boosted by a new record high for the benchmark…
Read moreFinland’s largest wind farm to start first turbine in April
(Montel) French renewables developer Neoen has started the construction of its 406 MW Mutkalampi wind farm in north-western…
Read moreFrench TSO maintains supply warning amid reactor outages
(Montel) French TSO RTE has extended a power supply warning to the end of winter due to unplanned…
Read moreBull run for record-breaking EUAs set to persist
(Montel) The current bull run for record-breaking carbon prices is set to persist, with the EUR 100/t mark…
Read moreNordic power futures continue to fall on wet, mild outlook
(Montel) Nordic power futures fell further on Friday, as forecasts confirmed a wet and mild weather outlook for…
Read moreOrsted brings forward 100 MW H2 project 2 years
(Montel) Danish energy group Orsted and its partners will establish a 100 MW green hydrogen electrolyser in Denmark…
Read moreVolvo, Northvolt to build battery factory in Sweden
(Montel) Sweden-based car manufacturer Volvo Cars and battery producer Northvolt plan to build a large-scale battery factory in…
Read moreCrude prices extend gains after WTI tops USD 90
(Montel) Crude oil kept climbing early on Friday after West Texas Intermediate oil ended the day above…
Read moreGerman hydrogen firm plans 240 MW electrolyser in Norway
(Montel) German hydrogen company Hy2Gen plans to build a 240 MW electrolyser for green ammonia production in…
Read moreCoal slips on supply hopes, CO2 drops from high
(Montel) European coal prices softened on Thursday amid some signs of improving supply, despite still buoyant demand,…
Read moreEstonia to auction 650 GWh of renewables next year
(Montel) Estonia’s government will organise a competitive auction in January to attract 650 GWh/year of new renewables capacity…
Read moreFrance’s 2023 wind target “impossible” – energy lobby
(Montel) France’s target to boost onshore wind capacity to 24.1 GW by the end of 2023 was “impossible”…
Read moreCzechs end dispute with Poland over mine for 2 GW plant
(Montel) The Czech Republic has agreed EUR 45m in compensation from Poland ending a dispute over extraction from…
Read moreSouth Norway to see power above EUR 100 next winter – Volue
(Montel) Power in southern Norway will average above EUR 100/MWh next winter amid depleted hydropower stocks and high…
Read moreGas prices increase amid low storage levels
(Montel) European gas prices increased on Thursday, though traders saw the market stuck in “no-man’s land” between low…
Read moreHigher UK energy price cap may not solve supplier woes
(Montel) UK consumer energy bills will be capped at GBP 1,971 per year from April, an increase of…
Read moreGas prices to stay elevated in 2022 – OMV
(Montel) European gas prices should remain elevated in 2022 amid tight supplies but are unlikely to return to…
Read moreNewcastle coal index retreats as Indonesia supply returns
(Montel) Asia-Pacific benchmark coal prices dropped 15% over the past week as Indonesia further relaxed restrictions on…
Read moreMine feeding 2 GW Polish power plant breaches law – ECJ
(Montel) Poland has infringed EU law by granting a mine that feeds utility PGE’s nearby 2 GW Turow…
Read moreEuropean LNG imports may rise 16% in 2022 – analysts
(Montel) European LNG imports could rise 16% this year amid strong demand to help offset lower gas supply…
Read moreFrench gas demand rises 6% in 2021 – TSO
(Montel) French gas consumption in 2021 rose 6% from the year before, to 474 TWh, due to a…
Read moreNordic power prices slide as wet weather outlook persists
(Montel) Nordic power futures slumped early on Thursday as weather forecasts for wetter and milder conditions suggested a…
Read moreLightsource BP in tie-up to develop 400 MW Italian solar
(Montel) Lightsource BP has signed a deal to develop 400 MW of solar projects in Italy with local…
Read moreEUAs retreat after hitting fresh high close to EUR 95
(Montel) European carbon prices retreated early on Thursday after hitting a record high just below EUR 95/t for…
Read moreShell’s LNG output may rise 4.5% in Q1
(Montel) UK energy firm Shell’s LNG liquefaction volumes in the first quarter could rise as much as…
Read moreOil prices soften in range-bound trading
(Montel) Oil prices drifted lower in range-bound trading early on Thursday, after Opec and its Russia-led partners agreed…
Read moreRising oil and gas prices drive OMV results to record
(Montel) Rising oil and gas sales prices drove Austrian energy firm OMV’s adjusted operating result to a record…
Read moreVattenfall hedges 50% of 2023 output at EUR 28/MWh
(Montel) Vattenfall had sold half of its Nordic power production for 2023 at an average price of 28…
Read moreEC taxonomy plans to promote “greenwashing” – critics
(Montel) European environmental groups condemned the European Commission for including gas and nuclear in the EU’s taxonomy on…
Read moreCarbon eyes EUR 100/t after new record high
(Montel) European carbon prices may soon be bound for EUR 100/t after hitting a new record on Wednesday…
Read moreNorwegian utility criticises “illiquid” Nordic market
(Montel) Norwegian utility Tafjord earned NOK 25m (EUR 2.5m) on so-called Epad hedges last year, but still said…
Read moreAustria plans to sue EC over taxonomy if it takes effect
(Montel) Austria will sue the European Commission at the European Court of Justice over its taxonomy proposal if…
Read moreBottlenecks to extend Swedish power price differences – TSO
(Montel) Persisting bottlenecks in the Swedish electricity grid will likely mean day-ahead price differences between bidding zones will…
Read moreFrench prices to average EUR 220/MWh in 2022 – think tank
(Montel) French power prices will average about EUR 220/MWh across 2022 due to low nuclear supply and expensive…
Read moreOil use threatens to derail 2050 net-zero target – expert
(Montel) Burgeoning oil consumption, particularly in light of the recovery from the coronavirus crisis, threatens plans by major…
Read moreGerman power rises amid lower wind outlook, strong carbon
(Montel) German power prices rose on Wednesday, as a more moderate wind outlook and gas gains supported…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in March
(Montel) Opec and its Russia-led partners agreed on Wednesday to increase oil supply in March by 0.4m bbl/day,…
Read moreEC keeps deadlines for nuclear in taxonomy
(Montel) The European Commission has kept the cut-off deadlines after which nuclear power plants cannot be considered as…
Read moreEC drops interim targets for gas plants in taxonomy
(Montel) The European Commission has dropped plans to require natural gas-fired plants to co-fire with low carbon or…
Read moreEC keeps gas, nuclear in taxonomy with tweaks
(Montel) Natural gas-fired and nuclear power plants meeting specific criteria would be eligible to be labelled as “transitional”…
Read moreTop EU court upholds EC-Gazprom 2018 antitrust deal
(Montel) The European Court of Justice has dismissed Polish gas firm PGNiG’s legal action against the European Commission’s…
Read moreGlobal coal supply slides 16% in January
(Montel) Global seaborne thermal coal supply in January dropped nearly 16% on the year in January, amid…
Read morePortugal bans some hydropower output amid drought
(Montel) The Portuguese energy ministry has banned hydropower generation at four dams (888 MW) amid dry weather…
Read moreP2X to invest EUR 70m in Finland’s first H2 electrolyser
(Montel) Finnish green hydrogen developer P2X Solutions will proceed to invest EUR 70m in a planned 20 MW…
Read moreNordic power rebounds as German, CO2 markets climb
(Montel) Nordic power futures rebounded on Wednesday amid higher German prices, record-high CO2 and stronger fuels, which…
Read moreClosed reactors would have cut Swedish prices 30-45% – study
(Montel) If Swedish nuclear reactors Ringhals 1 (881 MW) and Ringhals 2 (903 MW) were still in operation,…
Read moreCO2 hits new high above EUR 93 on bullish sentiment
(Montel) European carbon prices rose above EUR 93/t for the first time early on Wednesday amid bullish sentiment…
Read moreIndonesia lifts 1-month coal export ban
(Montel) Indonesia has fully lifted a one-month ban on thermal coal exports, due to satisfactory replenishment of…
Read moreGerman spot power to jump as wind and solar output drop
(Montel) German day-ahead power prices looked set to gain nearly 50% on Wednesday as forecasts pointed to…
Read moreGlencore’s coal output falls 3% in 2021
(Montel) Glencore produced 103.3m tonnes of predominantly thermal coal in 2021, down 3% on the year, due…
Read moreOrsted’s 2021 offshore wind output drops 9.5%
(Montel) Danish energy group Orsted generated 13.8 TWh of offshore wind last year, down 9% from a year…
Read moreOil prices firm ahead of Opec+ meeting
(Montel) Oil prices edged up early on Wednesday as market participants expected Opec and its Russia-led partners to…
Read moreFinland, Sweden want no time limits for nuclear in taxonomy
(Montel) Finland and Sweden say time limits on operation of nuclear reactors should be removed as a…
Read moreAquila Capital buys 500 MW solar portfolio in Spain
(Montel) German investment firm Aquila Capital has purchased a 500 MW solar portfolio under development in Spain…
Read moreSwedish power use may rise 15% by 2026 – TSO
(Montel) Sweden’s annual power consumption could rise by 15% from 2022 to 2026 as new power-intensive industry boosts…
Read moreEnergy complex falls again with gas
(Montel) Sinking gas prices dragged Europe’s energy complex lower for a second day on Tuesday amid mild and…
Read moreVolatile power prices in UK to persist – consultancy
(Montel) A policy of just in time energy procurement and the phase out of nuclear and coal could…
Read moreGroup plans 2 GW green hydrogen project in Spain
(Montel) Spain’s Naturgy, Enagas and Fertiberia, along with Denmark’s Copenhagen Infrastructure Partners (CIP) and Vestas, plan to…
Read moreNordic price differences may last to September – Storm Geo
(Montel) The large price differences between the Nordic region’s spot power market bidding zones will likely continue until…
Read moreEnel takes almost 130 MW in Italian renewables auction
(Montel) Italy’s Enel was awarded nearly 130 MW in the seventh renewables tender by the country’s state energy…
Read moreGerman power slides EUR 10 on strong wind, mild outlook
(Montel) German short-term power prices continued their fall on Tuesday – with March sliding EUR 10 – as…
Read moreItaly’s battery storage capacity could reach 15 GW by 2050
(Montel) Italy’s battery storage capacity could exceed 15 GW by 2050 amid an expected surge in growth of…
Read moreFrench January nuclear output falls to record low
(Montel) French nuclear output fell 5.7% (2.1 TWh) year on year in January to a record low of…
Read moreSpain, Netherlands, Greece “engines of green growth” – Ember
(Montel) Spain, the Netherlands and Greece added more than 10% of their current solar and wind capacity during…
Read moreFrance set to axe plan to shut 12 reactors by 2035 – experts
(Montel) France is increasingly likely to scrap a plan to close 12 more reactors by 2035 due to…
Read moreMarch gas slides EUR 8 as "apocalypse" fears ease
(Montel) European front-month gas contracts extended losses seen yesterday on Tuesday – falling another EUR 8 –…
Read moreRenewables share of UK power mix grows in January
(Montel) Renewable energy sources accounted for 32.7% of the UK’s power mix in January, up 5.8 percentage…
Read moreNordic power front month hits 10-week low on wet weather
(Montel) The Nordic front-month contract hit a 10-week low of EUR 73.50 on a rolling basis on Tuesday…
Read moreEU coal terminal stocks diminish to near 6-year low
(Montel) Coal inventories at northwest European ports have declined to a near six-year low amid arrival delays and…
Read moreRussia’s Suek sees 2021 coal exports rise 1%
(Montel) Russia’s largest producer Suek increased coal exports by just 1% in 2021 to 54.4m tonnes, despite…
Read moreGerman spot power to rise 3% on lower wind generation
(Montel) German day-ahead power prices looked set to rise around 3% on Tuesday amid expectations that wind output…
Read moreOil prices remain elevated on supply issues, Russian crisis
(Montel) Oil prices remain elevated – close to prior multi-years highs – on Tuesday amid supply concerns and…
Read moreAction needed to ensure EU coal phase-out realised – report
(Montel) Action is needed to ensure Europe’s planned phase-out of coal-fired power “remains on track” as the polluting…
Read morePortugal’s energy policy unchanged after election – analyst
(Montel) Portugal is likely to continue with its existing energy policy, including annual solar auctions, as incumbent…
Read moreUK power supplier Octopus buys French Plum Energy
(Montel) British renewable power supplier Octopus Energy has bought its French counterpart Plum Energy, with a plan…
Read moreMild, windy weather weighs on energy complex
(Montel) The prospect of milder and windy weather next month weighed on Europe’s energy complex on Monday, as…
Read moreSpanish power generation softens in Jan as demand falls
(Montel) Power generation in mainland Spain edged down 0.8% year on year in January to 23.1 TWh…
Read moreSpain spot to ease on less demand, more wind
(Montel) Spanish spot power prices could soften this week amid lower demand and more expected wind, while futures…
Read moreNestle Germany signs wind power PPAs with Statkraft, Axpo
(Montel) Nestle Germany signed two power purchase agreements (PPAs) with Norwegian utility Statkraft and Axpo Germany, each…
Read moreGerman power prices slump across board on stormy outlook
(Montel) Contracts on Germany’s power curve slid on Monday, with February slumping more than EUR 20, and spot…
Read moreFormer Norway minister slams cabinet over offshore wind
(Montel) Norway’s former energy minister, Tina Bru, has criticised the current administration for doing too little on developing…
Read moreGas prices slide EUR 5 on mild, windy weather
(Montel) Front-month gas prices on Europe’s benchmark Dutch TTF hub fell nearly EUR 5 on Monday on…
Read moreCoal prices to move sideways, eyes on supply, gas
(Montel) European coal prices slumped on Monday amid pressure from a weaker gas market, although market participants expected…
Read moreGridLink owner vows to pursue 1.4 GW France-UK link
(Montel) The firm behind the GridLink plan to build a 1.4 GW power cable between the UK…
Read moreNordic power futures plunge on wetter, milder outlook
(Montel) Nordic power futures fell sharply on Monday on the back of wetter and milder weather forecasts for…
Read moreGerman solar, wind grow 7.2 GW in 2021
(Montel) Germany’s solar capacity grew 5.3 GW last year while the country added 1.9 GW of onshore wind…
Read moreUK asset manager acquires 20 MW battery storage unit
(Montel) UK asset manager Bluefield Solar has acquired the development rights for a 20 MW battery storage project…
Read moreGerman Feb power plunges EUR 20 on windy, mild expectations
(Montel) The German power February contract shed over EUR 20 on Monday morning ahead of the contract’s expiry…
Read moreOil hovers near 7-year high on geopolitical turmoil
(Montel) Oil was continuing to hover near seven-year highs hit in the prior session on Monday as political…
Read moreEquinor extends Hammerfest LNG outage until May
(Montel) Norwegian energy firm Equinor has extended an outage at its Hammerfest LNG plant at Melkoya until 17…
Read moreItaly’s GSE awards 30% of capacity in latest green auction
(Montel) Italy’s state-owned energy services company GSE allocated about 30% of renewable energy capacity available in its latest…
Read moreItaly avoids energy policy limbo as Draghi remains premier
(Montel) Italy has avoided a period of political limbo, which could have affected energy policy reforms, after lawmakers…
Read moreNS2 certification won’t happen before summer – report
(Montel) Germany’s BNA network regulator is unlikely to decide the fate of the Nord Stream 2 gas pipeline…
Read moreEuropean spot gas to average EUR 79.50/MWh in 2022 – IEA
(Montel) European spot gas prices will likely average USD 26/MMbtu (EUR 79.50/MWh) in 2022, and potentially achieve fresh…
Read moreEU-US to ensure gas supply – von der Leyen, Biden
(Montel) The EU and US will cooperate in ensuring “continued, sufficient, and timely” gas supply to Europe…
Read moreVolatile market hinders German LNG terminal projects – owner
(Montel) A volatile European gas market and political uncertainty make the outlook for two planned German LNG terminals…
Read moreGas prices rise on lower flows, NS2 uncertainty
(Montel) European gas contracts rose on Friday amid lower gas flows from Norway and uncertainty about the…
Read moreCarbon prices eye new record on bullish fundamentals
(Montel) European carbon prices hit a seven-week high earlier on Friday and could be eyeing a new record…
Read moreFrench regulator turns down 1.4 GW UK cable plan
(Montel) French energy regulator CRE has turned down an investment request to build a 1.4 GW GridLink…
Read moreGermany set for mild, wet and windy February
(Montel) Germany is set to see mild temperatures throughout February, with above normal wind and rain output at…
Read moreNordic power futures gain on higher German prices
(Montel) Nordic power futures moved up on Friday amid higher German prices, supported mainly by higher fuels…
Read moreGroups slam Italy’s move to curb spiralling power prices
(Montel) An umbrella of green, environmental and consumer groups on Friday slammed Italy’s enforcing of measures aimed at…
Read moreHigh prices reveal Baltic supply woes – Eesti Energia CEO
(Montel) Record high spot prices this winter have revealed the Baltic region’s dearth of renewable energy capacity and…
Read moreGerman spot power to rise on strong demand
(Montel) German spot power prices looked set to rise next week with demand staying above normal, although…
Read morePolish wind output hits new record high 6.5 GW
(Montel) Polish wind power output hit a record high of 6.5 GW on Thursday at 21:00 CET, according…
Read moreYara, Linde to build 24 MW green hydrogen plant in Norway
(Montel) Norwegian fertiliser producer Yara and German engineering firm Linde have agreed to develop a 24 MW demonstration…
Read moreCrude prices rise on unease about supply from Opec+, Russia
(Montel) Crude oil was higher early on Friday amid supply concerns, as Opec+ struggled to increase production and…
Read moreItalian windfall tax hurts hedging strategies, PPAs – Efet
(Montel) The potential introduction of a windfall profit tax on Italian renewable electricity generators would prove discriminatory, hurt…
Read moreEDF unions to launch legal challenge against Arenh rise
(Montel) France’s four biggest energy unions will launch legal action against the government’s decision to raise the volume…
Read moreCO2 hovers near record high
(Montel) European carbon prices hovered near record highs on Thursday amid technical support, a shortage of auction supplies…
Read moreSwedish government approves nuclear waste storage site
(Montel) The Swedish government has approved Forsmark as the location for a permanent storage site for spent nuclear…
Read moreStrike cuts French power capacity by 2.9 GW
(Montel) An ongoing strike by French power workers cut EDF’s electricity generation capacity by 2.9 GW, including…
Read moreGerman front-year power rises to 3-week high with gas, CO2
(Montel) The German front-year power contract posted gains on Thursday amid strong gas and CO2 markets, with…
Read moreUK coal usage jumps 73% in January-November 2021 – ministry
(Montel) UK coal consumption for power generation surged 73% on the year to 2.34m tonnes in January-November…
Read moreRussian supply concerns buoy gas futures prices
(Montel) European gas prices were mixed on Thursday, with the curve contracts mostly rising amid ongoing Russia-Ukraine tensions…
Read moreEEX to remain German EUA auction platform until 2024
(Montel) The EEX will continue to host carbon EUA auctions for Germany until January 2024, the Leipzig-based exchange…
Read moreAsia-Pacific coal prices surge to record highs
(Montel) Asia-Pacific benchmark coal prices surged 15% over the past week to fresh record highs as the…
Read moreHigh Nordic power prices “unsustainable” – Eon official
(Montel) Record high power prices and huge price variations in the Nordic region are “unsustainable” and require market…
Read moreLNG could not offset Russia stopping gas flows – analysts
(Montel) Spare global LNG capacity would be insufficient to fully replace Russian gas supplies to Europe in the…
Read moreUPM Energy’s power sales price jumps 81% in Q4
(Montel) The energy production unit of Finnish forestry group UPM posted an 81% year-on-year increase in its achieved…
Read moreNordic power front gains as weather forecasts turn colder
(Montel) Nordic front power contracts were trading higher on Thursday, reversing some of the previous session’s losses, amid…
Read moreBrent crude slips below USD 90/bbl on rising US stockpiles
(Montel) Oil prices softened in early trading on Thursday, retreating from levels not seen since 2014 in the…
Read moreGerman spot power eyes EUR 40 gain as wind output wanes
(Montel) German day-ahead power looked set to rise on Thursday amid expectations of falling wind power generation.…
Read moreNord Stream 2 establishes German subsidiary
(Montel) Nord Stream 2 established a German subsidiary as demanded by the country’s regulator in order to get…
Read moreEDF extends safety circuit checks to 19 more reactors – CGT
(Montel) EDF will extend checks on safety circuits to 19 more reactors following the discovery of small cracks…
Read moreSolar developers urge comprehensive EU strategy
(Montel) European solar developers have urged a comprehensive EU-wide strategy in the sector to ensure “unprecedented” growth planned…
Read moreCoal hits 3-month high, CO2 eyes record
(Montel) European coal prices surged 9% to three-month highs in Wednesday trading, as depleted stocks and import…
Read moreRWE’s full-year trading earnings set to jump 40%
(Montel) Germany utility RWE’s full-year earnings from its supply and trading unit are expected to jump 42.7% for…
Read moreIberdrola plans 880 MW pumped storage plant start-up by June
(Montel) Spanish utility Iberdrola’s 880 MW Gouvaes pumped storage plant in northern Portugal is currently undergoing tests…
Read moreGerman Feb power sheds EUR 6 on windy, milder weather
(Montel) Germany’s front-month power contract shed about EUR 6 on Wednesday amid forecasts showing mild temperatures and above…
Read moreFrance has EC approval for Arenh hike – ministry
(Montel) France has the necessary approval from the European Commission to go ahead with its plan to temporarily…
Read moreGas prices retreat on mild outlook, strong supply
(Montel) European gas prices retreated on Wednesday – having hit a 10-day high yesterday – on expectations of…
Read morePanel price rise dampens Dutch solar growth
(Montel) Dutch solar capacity growth fell to an all-time low in 2021 as new projects were slowed down…
Read moreUK's 60% LNG import surge helps alleviate supply woes
(Montel) UK LNG imports have surged 60% in the month to date versus December to record levels…
Read moreStrike cuts French power capacity by 1.9 GW
(Montel) A strike by power workers in France had cut EDF’s power capacity by about 1.9 GW,…
Read moreEurope gas price risk question of “weather v geopolitics”
(Montel) Despite revised forecasts of mild conditions in Europe for the remainder of the winter, a significant risk…
Read moreNordic power futures fall on milder weather outlook
(Montel) Nordic power futures fell on Wednesday as weather forecasts showed milder temperatures returning after a brief cold…
Read moreOil prices edge up ahead of official US inventory data
(Montel) Oil prices traded a shade higher early on Wednesday as market participants awaited official US data on…
Read moreItaly’s industry faces production changes amid energy crisis
(Montel) Half of Italy’s energy intensive companies adjusted or reduced production shifts, while a few were forced to…
Read moreGerman spot power to halve on robust wind
(Montel) German day-ahead power prices looked set to halve on Wednesday as wind generation soars.…
Read moreCarbon gains on weather, technicals
(Montel) European carbon prices were moving higher on Tuesday on a combination of colder weather forecasts, lower wind…
Read moreUkraine buys more US, Colombia coal amid domestic shortfall
(Montel) Ukrainian energy firm Dtek has secured four US and Colombia-origin thermal coal cargoes for delivery in…
Read moreEnel boosts green energy capacity by 65% to 5.1 GW in 2021
(Montel) Enel’s global renewable energy capacity rose 65% year on year to 5.1 GW in 2021, bringing the…
Read moreInterconnectors have minor power price impact – Statnett
(Montel) The effect on power prices from Norway’s interconnectors will only be small over time, despite the cables…
Read moreTauron plans biggest Polish solar farm (100 MW) by end-2023
(Montel) Polish utility Tauron will build a 100 MW solar farm, the biggest in Poland, in the southern…
Read moreBayWa buys asset manager, 300 MW of Italian green capacity
(Montel) German renewables firm BayWa Re has bought green energy operator and asset manager Renam, with the latter…
Read moreItaly’s 2021 power demand rises 6% to 318 TWh – TSO
(Montel) Power demand in Italy rose nearly 6% in 2021 to 318 TWh, returning to pre-Covid levels, TSO…
Read moreGas ends 3 days of gains amid higher Russian flows
(Montel) European gas markets dropped on Tuesday after largely rising over the past three trading days, as Russian…
Read moreNordic Feb, Q2 power reach 3-week highs on cold, dry outlook
(Montel) Nordic February and Q2 power futures rose on Tuesday to their highest levels since the start of…
Read moreEU coal terminal stocks slump to 10-month low
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have declined to a 10-month…
Read moreGerman spot power to ease from 1-month high on wind surge
(Montel) German day-ahead power prices looked set to dive almost EUR 80 on Tuesday as forecasts indicated wind…
Read moreEuropean Energy signs 80 GWh PPA with 595 Solutions
(Montel) Danish renewables producer European Energy has signed a five-year power purchase agreement (PPA) with German metals producer…
Read moreOil prices remain elevated as geopolitical concerns persist
(Montel) Oil prices continued to trade around pre-pandemic levels on Tuesday as geopolitical concerns around a possible Russian…
Read moreCarbon retreats from 2-week high
(Montel) European carbon prices on Monday retreated from two-week highs hit earlier in the session, as bearish…
Read moreNorway’s SFE drops price hedging as system price soars
(Montel) Norwegian hydropower producer SFE will cease to hedge its future production against the benchmark Nordic system price,…
Read moreNordic Power Trading posts 12% return despite volatility
(Montel) Denmark-based Nordic Power Trading made a return of 11.6% on investments last year, with the size of…
Read moreGerman power curve jumps as gas prices surge
(Montel) German power curve contracts rose on Monday, taking a cue from strong moves in the gas market…
Read moreSpain power forwards climb nearly EUR 40 on bullish gas
(Montel) Spanish power forwards soared almost EUR 40 on Monday, as gas prices climbed amid Russia-Ukraine tension,…
Read moreItaly’s renewable sector slams windfall profit levy plans
(Montel) Italy’s latest package of government emergency measures, including plans for a windfall profit levy on green energy,…
Read moreFebruary gas surges 15% on Russia-Ukraine fears
(Montel) European front-month gas contracts surged 15% on Monday amid growing fears that a Russian invasion of Ukraine…
Read moreGazprom plans no gas auctions to EU this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform for the 15th…
Read moreA2A buys 0.4 GW green energy in Italy, Spain for EUR 0.5bn
(Montel) Italian utility A2A has acquired 352 MW in wind and solar capacity in Italy and Spain from…
Read moreSupply tightness underpins coal market
(Montel) European coal prices will likely remain well supported this week amid a lack of spot cargoes…
Read moreSpain to add 4 GW green capacity in 2022 – lobbies
(Montel) Spain looked set to connect over 4 GW of new wind and solar capacity to the grid…
Read moreNordic front-month power jumps near EUR 8 on drier outlook
(Montel) Nordic front-month power jumped near EUR 9 on Monday amid a drier outlook, which would worsen…
Read moreEC advisory group rejects gas, nuclear on EU green list
(Montel) Nuclear and natural gas-fired power should not be eligible for “green” investment labels under conditions proposed by…
Read moreGerman spot power jumps EUR 27 amid low wind output
(Montel) German day-ahead power prices looked set to rise around 11% on Monday as already low wind output…
Read moreOil rises on Russia-Ukraine tension, supply concerns
(Montel) Oil prices were rising on Monday around persisting geopolitical tension over fears of a Russian invasion of…
Read moreEU needs extreme vigilance on gas supplies – Simson
(Montel) The EU needs to remain extremely vigilant on gas supplies as tensions with Russia escalate, said EU…
Read moreGermany rejects nuclear, backs gas in EU green taxonomy
(Montel) Germany continues to reject labelling nuclear power as a potentially green investment under the EU sustainable finance…
Read moreGas continues rise on Russia-Ukraine tension
(Montel) European gas prices rose on Friday as diminished pipeline flows from Russia and tensions between the country…
Read moreShipyards fully booked to 2025 on LNG demand – shipbroker
(Montel) Shipyards are fully booked until mid-decade as vessel owners rush to take advantage of growing LNG…
Read moreObstacles remain to Swedish nuclear investments – experts
(Montel) The political and economic risks of investing in conventional nuclear power capacity in Sweden are currently perceived…
Read moreEUAs set to hold within EUR 80-86 range
(Montel) European carbon prices are set to remain stuck within an EUR 80-86/t range next week amid…
Read moreNordic power recovers amid buoyant German market
(Montel) Nordic power futures rose on Friday, recovering somewhat from this week’s sell-off amid a buoyant German power…
Read moreSpain to add 10 GW in solar PPAs by 2025 – adviser
(Montel) The volume of power purchase agreements (PPAs) linked to solar PV assets in Spain could reach 10…
Read moreDraghi presidency may put Italy’s energy policy in limbo
(Montel) Italy’s energy policy could face a period of limbo if prime minister Mario Draghi steps down to…
Read moreGerman spot power to remain flat on unchanged wind
(Montel) German spot power prices looked set to remain flat next week with wind levels around the…
Read moreCrude prices fall on increased inventories
(Montel) Crude oil took a further break from seven-year highs to move lower early on Friday on…
Read moreFour EU nations reject gas, nuclear in green taxonomy
(Montel) Austria, Denmark, Luxembourg and Spain continue to reject natural gas and nuclear in the EU’s sustainable finance…
Read moreSpain exposed to LNG prices on piped gas curb – analyst
(Montel) The Iberian gas market will continue to be much more exposed to changes in the LNG…
Read moreFrance only nation set to miss 2020 renewables goal
(Montel) France is the only EU country set to miss meeting its binding 2020 renewables target, which it…
Read moreGas crisis shows need for reliable suppliers – von der Leyen
(Montel) The current gas price crisis should be used to speed up the EU’s switch away from fossil…
Read moreBack-up gas plants should be part of green taxonomy – lobby
(Montel) Natural gas-fired power plants used to back up intermittent renewables should be included as green investments in…
Read moreCO2 may hit EUR 100/t around compliance deadline – Vertis
(Montel) European carbon prices may trade around EUR 100/t closer to the end of the compliance period on…
Read moreTechnical signals buoy CO2, fuels fall
(Montel) European carbon prices rose on Thursday, driven largely by supportive technical indicators, while fuels markets softened…
Read moreSpain likely to extend 7% generation tax freeze to Q2 – Afry
(Montel) The Spanish government is likely to extend the suspension of a 7% generation tax to Q2 and…
Read moreFinnish union extends 345 MW paper mill strike
(Montel) The Finnish Paperworkers’ union has extended an ongoing strike affecting more than 345 MW of power demand…
Read moreGerman Feb power continues slide as short-term risks wane
(Montel) German February power dropped on Thursday as a milder weather outlook and strong wind power are expected…
Read moreFinnish telecom firm, RPC sign 10-year wind PPA for 150 GWh
(Montel) Finnish telecommunication firm Elisa and UK investment company Renewable Power Capital (RPC) have signed a 10-year power…
Read moreNordic 2021 hydropower GOs climb, 2022 flat
(Montel) Guarantees of origin (GO) prices from 2021 Nordic hydropower have climbed in the week to Thursday on…
Read moreGerman onshore wind to grow 2.3-2.7 GW in 2022 – lobbies
(Montel) Germany's onshore wind capacity would grow 2.3-2.7 GW this year, up from 1.9 GW last year,…
Read moreNordic power plunges on bearish weather, softer gas
(Montel) Nordic front power futures were trading sharply down on Thursday amid a wet and mild weather outlook…
Read moreShell doubles Italian solar development pipeline to 2 GW
(Montel) Royal Dutch Shell has doubled its solar development pipeline to 2 GW in Italy through the acquisition…
Read moreEurope to see near record LNG imports to March – analysts
(Montel) Near record LNG deliveries to Europe, including Turkey, will continue until March amid ongoing strong demand and…
Read moreOil prices retreat from 7-year highs
(Montel) Oil prices traded little a shade softer early on Thursday, retreating further from fresh seven-year highs reached…
Read moreGerman spot power eyes 40% gain as wind plunges
(Montel) German day-ahead power looked set to jump 40% on Thursday amid expectations of falling wind power…
Read moreUK’s SSE acquires 30 MW UK solar park
(Montel) UK energy company SSE has acquired a 30 MW solar park from developer Stark Energy, marking the…
Read moreEU must reduce dependence on Russian energy – Macron
(Montel) The EU needs to reduce its dependence on Russian oil and gas imports to improve its geopolitical…
Read moreEurope PPAs hit record capacity in December – Pexapark
(Montel) European power purchase agreement (PPA) signings soared in December to reach a record monthly capacity of 3…
Read moreCoal falls 4%, tracks gas losses
(Montel) European coal prices dropped 4% on Wednesday amid subdued physical trading activity, led by a weaker…
Read moreGasum signs deal to manage Yara’s energy portfolio
(Montel) Finnish energy group Gasum has agreed to provide Norwegian fertiliser group Yara with energy market services for…
Read moreFrance’s ASN warns against further reactor closures
(Montel) Closing 12 more reactors in France by 2035 as planned will cut supply margins to an extent…
Read moreCO2 border tax good alternative to free permits – think tank
(Montel) A carbon border tax is a good alternative to free trading allowances for protecting EU competitiveness as…
Read moreGerman power set to continue bull run this year – analysts
(Montel) Strong European gas and carbon prices should drive the German power front-year contract above EUR 100/MWh this…
Read moreVattenfall mulls bid for subsidy-free Dutch offshore wind
(Montel) Vattenfall is among the potential bidders alongside SSE in the upcoming 1.4 GW Hollandse Kust West offshore…
Read moreEDF may need to stop new reactors to check circuits – ASN
(Montel) EDF might have to stop new reactors to check their safety injection system (SIS) circuit after the…
Read moreEDF woes won't derail pro-nuclear election stance – experts
(Montel) The recent accumulation of setbacks in the French nuclear industry is unlikely to provoke a backlash against…
Read moreGermany and Norway at odds over support for blue hydrogen
(Montel) Norway’s ambition to clean up its gas supplies by producing blue hydrogen with carbon capture and storage…
Read moreGas falls amid more Norway flows, mild outlook
(Montel) European gas contracts fell on Wednesday, as Norwegian supply increased and forecasts continued to predict mild…
Read moreDevelopers face challenges to exploit offshore wind – expert
(Montel) The recent Scotwind auction was unlikely to be surpassed in terms of capacity secured, with developers facing…
Read moreEU could earn EUR 800bn from ETS this decade – agency
(Montel) The EU’s member states could earn as much as EUR 800bn from the EU ETS this decade,…
Read moreNordic power front month slides 4% on mild, wet weather
(Montel) The Nordic front-month power contract tumbled more than 4% on Wednesday amid forecasts of mild and…
Read moreSouth Korea 2021 LNG imports grow 13%, coal also rises
(Montel) South Korea’s LNG imports in 2021 rose 13% year on year, customs data showed on Wednesday,…
Read moreIEA revises up oil demand growth outlook for 2021-22
(Montel) Global demand for oil has risen faster than expected in recent months and would likely reach pre-Covid…
Read moreAxpo unit signs 300 MW Polish solar PPA
(Montel) Axpo’s Polish subsidiary has signed a power purchase agreement (PPA) for 300 MW of solar capacity in…
Read moreEDF rivals, industrials urge extension of Arenh increase
(Montel) EDF’s rival suppliers and industrial power users are urging the French government to extend a planned rise…
Read moreBHP reduces thermal coal production by 8%
(Montel) BHP reduced thermal coal production 8% on the year in the first half of the 2021-22…
Read moreOil extends 7-year highs on supply, geopolitical tensions
(Montel) Oil prices extended seven-year highs early on Wednesday amid concerns about tightening supply and escalating geopolitical tensions.…
Read moreGerman spot power to drop EUR 60 amid wind boost
(Montel) German day-ahead power prices looked set to shed over a third on Wednesday as forecasts suggested…
Read moreEnergy independence key to combat high prices – Le Maire
(Montel) Improving Europe’s energy supply independence is key to combating high prices and inflation, said French economy minister…
Read moreSpain’s 717 MW new wind in 2021 “far below” target – lobby
(Montel) Spanish wind power capacity rose by 717 MW in 2021 but was “far below” a national annual…
Read moreCarbon and coal prices climb amid tight supply
(Montel) European carbon and coal prices traded higher in Tuesday afternoon trading amid continued supply tightness in energy…
Read moreUK court dismisses oil, gas funding challenge
(Montel) A UK court on Tuesday dismissed a challenge against the government’s financial support for oil and gas…
Read moreSweden grid bottlenecks boost price effect of wind – analyst
(Montel) Bottlenecks in the Swedish power grid are amplifying the price effect of new wind farms, especially in…
Read moreNasdaq supports proposal for independent market operator
(Montel) Moving market coupling operations to an independent unit would provide more healthy competition between spot power exchanges…
Read moreSpain could raise biomethane output 12-fold by 2024 – lobby
(Montel) Spain’s annual biomethane production could spike 12-fold to an average 2,077 GWh/year by 2024 as it aims…
Read moreIndonesia further eases coal export ban
(Montel) Indonesia has granted export permits to 29 coal miners since last Wednesday when it <a href="/News/Story.aspx?id=1292497&highlightCsv=">partially…
Read moreHigh power prices threaten metal industry’s future – lobby
(Montel) High power prices have led to “unprecedented” curtailments and temporary closures in the non-ferrous metals sector and…
Read moreGerman front-month power tumbles EUR 6 with weaker gas
(Montel) German front-month power tumbled EUR 6 on Tuesday along with weaker gas, while the front year rose…
Read moreGreen hydrogen seen cost competitive in 2 years – study
(Montel) Green hydrogen is set to become cost competitive with existing conventional hydrogen in two years thanks to…
Read moreGreen cars in Denmark could consume 3.5 TWh/year by 2030
(Montel) Low or zero emissions vehicles in Denmark could consume 3.5 TWh of renewable energy a year by…
Read moreGas front month flat amid milder weather, outages
(Montel) European gas prices were range-bound on Tuesday, as expectations of rising temperatures offset Norwegian gas outages and…
Read moreLow stocks to underpin 2022 gas prices – Cedigaz
(Montel) Gas prices will likely soften over the coming year as increased supply enters the market but…
Read moreNordic power futures fall on mild and wet weather outlook
(Montel) Nordic power futures fell on Tuesday in line with flagging German power prices and amid forecasts for…
Read moreGerman minister indicates funding for LNG terminal
(Montel) Germany may financially support the construction of an LNG terminal if the project fails to receive private…
Read moreAnalysts revise down Q1 US gas price outlook by 11%
(Montel) FocusEconomics has revised down its forecast for average US benchmark Henry Hub gas prices in the…
Read moreFocusEconomics raises Q1 coal price outlook 4.3%
(Montel) Pacific basin benchmark coal prices could average USD 152.10/t in the first quarter, up 4.3% –…
Read moreGerman spot power set to dive 28% on 24 GW wind
(Montel) German day-ahead power prices looked set to dive almost EUR 66 on Tuesday as forecasts indicated wind…
Read moreStatkraft, Better Energy sign 10-year Polish PPA
(Montel) Norwegian power producer Statkraft has signed a 10-year power purchase agreement (PPA) with Denmark’s Better Energy for…
Read moreOil continues to trade around multi-year highs
(Montel) Crude oil was continuing to trade around multi-year highs on Tuesday amid geopolitical tension and market tightness…
Read moreGerman power demand could double by 2045
(Montel) Electricity consumption in Germany could double to 1,128 TWh by 2045, mainly due to electrification of the…
Read moreFebruary gas drops over 10% amid more LNG
(Montel) European front-month gas prices fell more than 10% on Monday afternoon, as the prospect of more LNG…
Read moreRWE CEO urges German government to support LNG terminal
(Montel) Germany’s new government should support the construction of an LNG terminal in the country to diversify its…
Read moreGazprom books just 11mcm/day gas transit capacity for Feb
(Montel) Russia's Gazprom has booked just 11.1mcm/day of additional gas transit capacity to European destinations for February, according…
Read moreGerman power front month falls on gas, less nuclear risk
(Montel) The German power front month dropped on Monday amid pressure from European gas and carbon markets and…
Read moreGas prices slide EUR 5 on strong LNG supply
(Montel) The benchmark Dutch TTF front-month gas contract fell EUR 5 on Monday as LNG deliveries to…
Read moreSpanish spot power may rebound amid more demand, less wind
(Montel) Spanish spot power prices could rebound this week amid higher demand and sliding wind, yet that…
Read moreCoal prices near 2-month highs on tight supply
(Montel) European coal prices look set to remain strong this week amid still limited prompt supply at…
Read moreScottish Power secures 7 GW Scotwind capacity
(Montel) UK developer Scottish Power, a unit of Spain’s Iberdrola, secured the seabed rights to develop three offshore…
Read moreNordic power front softens on wet and mild outlook
(Montel) Nordic power front contracts dropped by more than EUR 1 on Monday amid an outlook for wet…
Read moreFaster German renewables growth could cut costs
(Montel) An accelerated renewables capacity buildout and fossil fuel phase-out could cut German power costs by a third,…
Read moreEuropean Energy sells 122 MW Italian solar parks to Iren
(Montel) Denmark’s European Energy has sold two Italian solar parks with a combined installed capacity of 121.5 MW…
Read moreGerman spot power set to rise above EUR 240 as wind drops
(Montel) German day-ahead power prices were set to nearly double on Monday amid an expected sharp decline…
Read moreBrent crude hits 3-year high as demand concerns wane
(Montel) Brent crude hit its highest point in more than three years on Monday as fears over demand…
Read moreEurope gas crisis to speed transition to hydrogen – lobby
(Montel) Europe’s current gas crunch could speed the transition to alternative fuels like green hydrogen, said the International…
Read moreEDF may seek capital increase on possible EUR 8bn hit – bank
(Montel) EDF is "likely" to launch a new capital increase to mitigate the financial impact of this year's…
Read moreMEP seeks ban on ETS funding for new nuclear
(Montel) Eastern European countries would not be allowed to build nuclear plants using emissions trading system (ETS) funds…
Read moreGerman front-quarter power jumps on French nuclear outages
(Montel) Contracts along the German power curve gained on Friday in reaction to an announcement that French utility…
Read moreRussia relaxes coal export restrictions via Latvia
(Montel) Russia is ramping up coal railings to the port of Riga for onward shipment to Europe,…
Read morePolish coal miners end blockade threat after wage deal
(Montel) Miners with Poland's biggest coal producer PGG have struck a wage agreement with management, ending their threat…
Read moreNorway must make offshore wind viable – Statkraft CEO
(Montel) Norway should allow new offshore wind developments to connect to more than one country to ensure they…
Read moreMEP Liese backs 4.2% annual cut in ETS emissions cap
(Montel) The European Parliament’s lead negotiator on emissions trading system (ETS) reforms supports cutting the annual cap by…
Read moreTTF prices rise amid French nuclear power cut plans
(Montel) European gas prices rose on Friday after French utility EDF announced plans to cut nuclear production,…
Read moreScottish Power Renewables acquires 800 MW UK solar assets
(Montel) ScottishPower Renewables has acquired 800 MW of solar projects in the UK, marking the country’s largest solar…
Read moreCO2 prices to trade in volatile EUR 80-85/t range next week
(Montel) European carbon prices are set to move within an EUR 80-85/t range next week amid continued volatility. …
Read moreRefinitiv hikes CO2 forecast 30% to EUR 85/t for Q1
(Montel) Refinitiv analysts have hiked their forecasts for European carbon prices to average EUR 85/t in Q1 and…
Read moreGerman coal imports may rise 12% in 2022 – trade group
(Montel) German thermal coal imports could increase 12% this year to 28.5m tonnes thanks to growing power…
Read moreNordic power curve firms on lower French nuclear output
(Montel) The Nordic front-month and front-quarter power contracts extended gains on Friday amid news of planned cuts…
Read moreGas price surge makes renewables “cheapest” power in UK
(Montel) Skyrocketing gas prices drove an 85% increase in wholesale UK power prices last year, underscoring the need…
Read moreGermany to become net power importer from 2023 – IEA
(Montel) Germany is set to become a net importer of electricity from next year amid the country’s nuclear…
Read morePolish miners threaten to halt power plant coal shipments
(Montel) Miners with Poland's biggest coal producer PGG have threatened to halt coal shipments to the country's power…
Read moreNordic wind power output hits fresh record above 20 GW
(Montel) Wind power output in the Nordic region reached a record average 20.1 GWh/h production, or 402.4 GWh…
Read moreFrance raises Arenh volume by 20 TWh to cap energy bills
(Montel) The French government will increase the volume of nuclear power available in 2022 on the regulated…
Read moreCrude prices rise slightly on supply concerns
(Montel) Crude oil was slightly higher early on Friday amid ongoing concerns about supply and optimism about demand…
Read moreEDF cuts 2022 nuclear output target by 10% amid outages
(Montel) EDF has cut its 2022 nuclear production target by almost 10% to 300-330 TWh following outages…
Read moreEU gas prices could still surge this winter – WoodMac
(Montel) European gas prices could still increase “substantially” this winter, depending on weather, supply and Nord Stream 2…
Read moreEU gas prices to fall more quickly than expected – Aurora
(Montel) European gas and power prices should fall from current highs more quickly next year than currently priced…
Read moreCO2 continues fall on weak technicals, auction
(Montel) European carbon prices were extending their previous session’s losses on Thursday as bearish technical signals and a…
Read moreOrsted commits to first corporate PPA in N Ireland
(Montel) Danish energy company Orsted has taken a final investment decision to build a wind farm in Northern…
Read moreNorway 2021 gas exports rose 6bcm to 3rd highest on record
(Montel) Norway exported 113.2bcm of natural gas through pipelines to other European destinations last year, an increase of…
Read moreMEP Liese aims ETS changes at decarbonisation, not prices
(Montel) The European Parliament’s lead negotiator on carbon market reforms, Peter Liese, plans targeted changes focused on speeding…
Read moreEuropean PPA prices rise 8% in Q4 amid energy crisis
(Montel) European power purchase agreement (PPA) prices rose, by nearly 8%, quarter on quarter for the third consecutive…
Read moreFront-month gas falls on mild spell, LNG influx
(Montel) European front-month gas contracts continued their fall on Thursday, following revised forecasts for milder weather in the…
Read moreNovatek's LNG exports fall 11% in 2021
(Montel) Russian gas firm Novatek saw an 11% drop in LNG sales on the international market to 7.94bcm,…
Read moreGreen project dearth boosts PPAs despite uncertainty – Engie
(Montel) A lack of permitted, renewable projects and European power market uncertainty have strengthened the position of green…
Read moreNordic hydropower GOs steady ahead of compliance buying
(Montel) Guarantees of origin (GO) prices from Nordic hydropower were broadly stable in the week to Thursday amid…
Read moreNewcastle coal prices jump 17% on week amid tight supply
(Montel) Pacific-basin benchmark coal prices jumped over 17% over the past week as Indonesian export restrictions –…
Read moreMore MEPs back keeping carbon reserve intake at 24%
(Montel) The European Parliament should support keeping the 24% intake rate of EU carbon allowances in a reserve…
Read moreExchanges hurt competition by opposing Acer plan – expert
(Montel) Power exchanges Nord Pool and Epex Spot are undermining European exchange competition by opposing plans for…
Read moreNordic power futures drop on wet, mild weather outlook
(Montel) Nordic power futures slumped as much as 6% in early trading on Thursday as weather forecasts pointed…
Read moreGlobal LNG market set to remain tight in 2022 – Poten
(Montel) Global LNG markets will likely remain tight in 2022 amid ongoing robust demand and limited supply growth,…
Read moreIndonesia lifts coal export ban
(Montel) Indonesia has lifted a ban on thermal coal exports, imposed since the start of the year,…
Read moreCrude oil eases from 2-month highs amid tight US stockpiles
(Montel) Oil prices eased in early trading on Thursday, pulling back from fresh two-month highs reached the previous…
Read moreGerman spot power to ease with demand drop, mild weather
(Montel) German day-ahead power looked set to ease on Thursday amid expectations of falling demand and milder…
Read morePoland's power output rises 14% in 2021 – TSO
(Montel) Polish power output rose 14% last year to 173.6 TWh, according to data from TSO PSE released…
Read moreNordic region sees record wind power output
(Montel) The Nordic region saw record wind power output of 20.3 GWh/h from 03:00-04:00 CET on Thursday, according…
Read moreEon, Horisont cooperate on hydrogen, carbon capture
(Montel) German utility Eon and Norwegian hydrogen firm Horisont Energi plan to jointly develop hydrogen production and carbon…
Read moreGas falls as LNG lessens winter supply risk
(Montel) European gas contracts continued to fall across the curve on Wednesday, as an influx of LNG helped…
Read moreBaltic gas exchange sees record 8 TWh traded last year
(Montel) Trading volumes on the Baltic gas exchange Get Baltic rose 10% to a record 8 TWh last…
Read moreNew French EPR start date "very optimistic” – nuclear expert
(Montel) EDF’s latest target to start its Flamanville nuclear reactor by the end of 2023 is "very optimistic",…
Read moreEDF delays Flamanville start-up to end 2023 on weld issue
(Montel) French utility EDF has postponed the commercial start-up of its Flamanville reactor by six months to the…
Read moreGerman power front month drops on gas, windier outlook
(Montel) German front-month power continued to trade lower on Wednesday, with pressure coming from the gas market and…
Read moreEuropean gas prices unlikely to revisit highs – analysts
(Montel) European gas prices will likely remain supported in Q1 amid Russian supply concerns but strong LNG…
Read moreNordic power continues recovery despite mild, wet forecast
(Montel) Nordic power futures continued to rise on Wednesday in a correction after a recent sell-off despite weather…
Read moreIndonesia may hike coal exports 14% in 2022
(Montel) Indonesia has set a coal export target of 497.2m tonnes for 2022, more than 14% higher…
Read moreUS LNG exports to rise 18% in 2022 – EIA
(Montel) The US will likely hike LNG exports 18% this year to 11.54bn cubic feet per day (327mcm/day)…
Read moreSweden launches EUR 0.6bn fund to tackle high power prices
(Montel) Sweden’s government has set aside SEK 6bn (EUR 584m) to compensate households for record high electricity prices…
Read moreEDF delays fuel loading at Flamanville reactor to Q2 2023
(Montel) French utility EDF has delayed fuel loading at its new generation European pressurised reactor (EPR) at…
Read moreEesti Energia, Octopus sign 5-year wind PPA for 1.4 TWh
(Montel) Estonian utility Eesti Energia and UK company Octopus Renewables have signed a wind power purchase agreement (PPA)…
Read moreIneos signs 10-year PPA for 250 GWh Belgian wind supply
(Montel) UK petrochemical producer Ineos has signed a power purchase agreement (PPA) with Eneco to purchase 250 GWh/year…
Read moreGerman spot power to drop EUR 50 as renewables rise
(Montel) German day-ahead power prices looked set to drop over EUR 50 on Wednesday following forecasts of…
Read moreOil prices pare gains after touching 2-month highs
(Montel) Oil prices were little changed after touching fresh two-month highs on Wednesday morning, driven by the prospect…
Read moreLNG, weather pressure gas lower
(Montel) European gas prices continued to ease from elevated levels on Tuesday due to pressure from a…
Read moreCleared coal futures on Ice more than halve in December
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange slumped by more than half…
Read moreExperts get more time for gas, nuclear green label response
(Montel) Experts now have until 21 January to respond to the European Commission’s proposed criteria for natural gas…
Read moreUkraine coal supply concerns subside despite Russian ban
(Montel) Ukrainian coal stocks have risen more than 20% over the past month despite an ongoing Russian…
Read moreNo near-term risk to German supply security – Agora
(Montel) Germany’s closure of coal and nuclear plants against a backdrop of a global gas shortage posed…
Read moreGerman power prices fall amid milder weather, declining gas
(Montel) German benchmark power prices eased on Tuesday morning, as a mild weather outlook and falling gas…
Read moreGermany eyes gas exit from power generation from 2035
(Montel) Germany’s new government wants to exit natural gas in power generation from 2035 and use green hydrogen…
Read moreGas prices drop as temperatures, LNG supplies rise
(Montel) European gas prices dropped on Tuesday amid forecasts of higher temperatures than previously expected and more LNG…
Read moreNordic power front futures edge up amid correction
(Montel) Nordic power contracts edged higher on Tuesday, correcting from a recent sell-off with the gains limited by…
Read moreDenmark power capacity crunch after 2030 possible – agency
(Montel) Denmark could struggle to meet power demand during hours with low wind output and high consumption needs…
Read moreMEP Liese to unveil draft ETS reforms position on Friday
(Montel) The European Parliament’s lead negotiator on EU carbon market reforms will set out his initial views on…
Read moreGermany to target 572 TWh renewables in 2030
(Montel) Germany’s government will target 572 TWh of power generation from renewable sources by 2030 when it tables…
Read moreGerman gas expansion requires amended taxonomy – BDI
(Montel) The European Commission’s green taxonomy draft rules need amending or Germany’s required expansion of gas-fired capacity would…
Read moreGerman green fund balance hits record EUR 10.6bn in 2021
(Montel) Germany’s green energy fund increased its balance by EUR 1.6bn to a record EUR 10.6bn in…
Read moreEquinor to report up to USD 1.5bn loss from Q4 gas trading
(Montel) Norwegian energy group Equinor is set to post an up to USD 1.5bn loss from Q4 gas…
Read moreGerman February power sheds 7% amid sliding gas prices
(Montel) German February power dropped around 7% in early trading on Tuesday, dragged down mainly by flagging gas…
Read moreGerman industry may face gas interruptions – association
(Montel) Large industrial energy consumers in Germany may see their gas supplies interrupted this winter due to the…
Read moreGerman spot power eyes EUR 5 fall on rising wind generation
(Montel) German day-ahead power prices looked set to shed around EUR 5 on Tuesday amid forecasts of higher…
Read moreOil edges up but China Omicron fears cap gains
(Montel) Oil prices were edging higher on Tuesday though fears over the spread of Omicron in China and…
Read moreCarbon drops more than EUR 4 as auctions resume
(Montel) European carbon prices fell on Monday after the EEX exchange resumed auctions for the first time in…
Read moreRussian coal exports fall to 10-month low
(Montel) Russian coal exports in December slipped to a 10-month low, as logistics constraints hampered exporter efforts…
Read moreGerman February power falls on milder outlook, carbon
(Montel) German front-month power lost value on Monday on early pressure from a milder temperature outlook and the…
Read moreVolatility forces portfolio manager Shepherd to close shop
(Montel) Swedish portfolio manager Shepherd Energy has closed its business amid extreme market volatility, company founder Arne Osterlind…
Read moreSpanish spot power may jump on higher demand
(Montel) Spanish spot power could jump this week amid higher demand and a halving of wind supply,…
Read moreIndonesian export ban buoys coal prices
(Montel) Atlantic basin coal prices gained in early Monday trading amid support from an ongoing ban on…
Read moreFront-month gas prices rise as supply concerns persist
(Montel) European front-month gas contracts reversed initial losses to rise on Monday morning as thin supplies from Russia…
Read moreCarbon falls EUR 2 as auction supply resumes
(Montel) European carbon prices fell as much as 3% on Monday morning as the EEX exchange resumed…
Read moreFrance is close to a solution to cap power prices – minister
(Montel) French economy minister Bruno Le Maire hopes to find a “technical solution by the end of…
Read morePowertis, Aquila raise Italy solar goal to near 1.2 GW
(Montel) Spain’s Powertis and German investment fund Aquila Capital have agreed to develop an additional 421 MW of…
Read moreNordic front-month power slides 9% on wet, mild outlook
(Montel) The Nordic front-month power contract tumbled EUR 8.50 – or 9% – on Monday amid forecast…
Read moreEU must invest EUR 500bn in new nuclear by 2050 – official
(Montel) Europe must invest EUR 500bn by 2050 to develop next-generation nuclear reactors and reach its net-zero…
Read moreKey MEP backs keeping carbon reserve intake at 24%
(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…
Read moreNordic financial power volumes hit 23-year low in 2021
(Montel) Nordic financial power volumes traded and cleared on the Nasdaq Commodities exchange slumped to their lowest point…
Read moreFrench nuclear power supply reaches 11-month high
(Montel) France’s nuclear power plant availability reached its highest level since 5 February last year at 48.7…
Read moreGerman spot power softens as green output to rise
(Montel) German day-ahead power prices were set to ease around EUR 1.50 on Monday amid rising wind and…
Read moreNorway increases support for consumers amid energy crisis
(Montel) The Norwegian government said this weekend it would reimburse households for 80% of all electricity costs above…
Read moreCrude oil trades flat amid demand concerns
(Montel) Crude oil was trading flat on Monday amid concerns around demand due to a weaker economic outlook,…
Read moreEnergy complex falls on milder outlook
(Montel) The European energy complex was falling on Friday pressured by forecasts of milder weather, though fundamentals remained…
Read moreSwiss TSO agrees deal with Italy to ease grid congestion
(Montel) Switzerland’s TSO Swissgrid has agreed a deal with Italy to ease cross-border trading congestion on its southern…
Read moreRising coal burn drives up German emissions 4.5% – Agora
(Montel) Germany has stepped back from its climate targets with greenhouse gas emissions rising by 4.5% in 2021…
Read moreGerman front-month contracts fall with lower gas prices
(Montel) Germany’s February and March power contracts shed up to 7% in midday trading on Friday, tracking losses…
Read moreGerman power exports fall 6% in 2021 – BNA
(Montel) German net power exports fell 5.9% year on year from about 18.4 TWh to 17.4 TWh in…
Read moreFrench December imports soar on low nuclear supply
(Montel) France was a net power importer for a second consecutive month in December, taking in 2.2 TWh…
Read moreCO2 may revisit record high despite auction restart
(Montel) European carbon prices are expected to remain well supported next week and could retest record highs despite…
Read moreGas prices drop amid milder weather forecasts
(Montel) European gas prices declined on the back of forecast milder temperatures, although weather models remained uncertain.…
Read moreNordic February power firms on colder weather, German power
(Montel) The Nordic February power contract edged higher in early Friday trading in response to forecasts indicating…
Read moreGermany to see mild weather, weak wind to February
(Montel) Germany is set to see mild weather to the beginning of February, with normal to below average…
Read moreBelgium’s power exports hit all-time high in 2021
(Montel) Belgium exported a record amount of power last year, 21.7 TWh, due to increased nuclear and…
Read moreShell’s LNG Q4 output falls below expectations
(Montel) Royal Dutch Shell’s LNG liquefaction volumes in the fourth quarter of last year fell below expectations…
Read moreGerman spot power set to soar next week on less wind
(Montel) German spot power prices on Friday looked set to strengthen by nearly EUR 100 next week,…
Read moreDutch to nearly double this year’s Groningen gas output
(Montel) The Dutch government wants to nearly double output from the Groningen gas field to 7.6bcm in the…
Read moreCrude prices rise on Kazakhstan, Libya output concerns
(Montel) Crude oil was higher early on Friday on supply concerns amid protests in Kazakhstan and lower production…
Read moreCoal rises on lingering supply shortfall
(Montel) European coal prices rose further in Thursday trading, as spot supply remained insufficient to meet still-strong…
Read moreGerman power Cal 23 falls amid lower carbon prices
(Montel) The German benchmark power contract for 2023 fell amid lower CO2 and stable gas prices on…
Read moreGOs - Hydro contracts face pressure from supply increase
(Montel) European hydro guarantees of origin (GOs) prices for 2022 were little changed over the past week as…
Read moreUS LNG exports to Europe jump over 20% in 2021
(Montel) US LNG exports to European and west Mediterranean destinations soared 22% last year to 23.5bcm, amid…
Read moreNewcastle coal index rebounds on Indonesia export ban
(Montel) The Pacific basin’s leading coal index rebounded this week following news that No. 1 thermal coal…
Read moreNordic power prices continue fall on wetter forecasts
(Montel) Nordic power futures extended their prior session losses on Thursday amid wetter forecasts, with precipitation set…
Read morePrompt gas prices gain on tight supply, steady demand
(Montel) European gas prices gained ground in early Thursday trading amid tight supply and as colder weather…
Read moreIndonesia reduces January coal price on China output growth
(Montel) Indonesia's energy ministry set its January coal reference price at USD 158.50/t, down by a marginal…
Read moreOil retreats after US inventory data suggests softer demand
(Montel) Oil prices slumped in early trading on Thursday amid concerns about US demand for crude products and…
Read moreGerman spot power to shed EUR 33 as wind output rises
(Montel) German day-ahead power looked set to drop on Thursday amid expectations of rising wind production and…
Read moreEscalating Russia-Ukraine conflict puts NS2 at risk – Berlin
(Montel) An escalating conflict between Russia and Ukraine would jeopardise the Nord Stream 2 pipeline between Russia and…
Read moreTerna sells 425 MW of demand response contracts for 2022
(Montel) Italian TSO Terna has sold 424.7 MW out of 700 MW of demand-side response power contracts for…
Read moreCO2 prices gain amid thin liquidity, firm buying
(Montel) European carbon prices gained on Wednesday, as thin liquidity and firm buying interest were supported by a…
Read moreEurope eyes 77% jump in LNG cargoes this week
(Montel) Europe looked set to receive a surge in LNG cargoes this week following a recent spike…
Read moreMEP wants end to free EUAs for CO2 border tax sectors early
(Montel) Sectors covered by the EU’s planned carbon border adjustment mechanism (CBAM) should lose their right to free…
Read moreGerman power Cal 23 edges higher amid gas gains
(Montel) German front-year power continued to climb on Wednesday, pulled along by firm prices in the gas market.…
Read moreGas prices jump EUR 4 as Russia concerns persist
(Montel) European gas prices rose EUR 4 on Wednesday amid diminished Russian flows, a Norwegian gas field outage…
Read moreNordic front power softens in post-holiday market
(Montel) Nordic power futures softened on Wednesday in a quiet post-holiday market with low trading volumes and few…
Read moreNew nuclear needs 2050 waste plan for green label
(Montel) New nuclear power plants would need a detailed plan for storing high-level radioactive waste by 2050 to…
Read moreNorNed, Cobra capacity cuts due to Dutch congestion – TSO
(Montel) Ongoing capacity restrictions on the NorNed and Cobra power cables (1.4 GW combined) between the Nordic…
Read moreOil hovers near 6-week highs on steady Opec+ supply boost
(Montel) Oil prices hovered near six-week highs early on Wednesday, a day after Opec and its Russia-led partners…
Read moreUniper secures credit lines to shield from volatility
(Montel) German utility Uniper has secured additional funds to shield itself from risks in a volatile trading environment.…
Read moreGas-fired power needs limited hours or heat for green label
(Montel) Natural gas-fired power plants running for limited hours, or also supplying heat, could qualify as transitional sustainable…
Read moreGas, carbon prices extend gains
(Montel) European gas prices were poised to climb another 10% on Tuesday as a downturn in Russian…
Read moreItaly’s new capacity market auction may attract limited bids
(Montel) Italy’s new capacity market auction for power delivery in 2024 is expected to see limited participation despite…
Read moreGerman ministry expects renewables to cut high energy costs
(Montel) Germany’s economy ministry sees more renewable energy as the way to curb high energy costs that…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in Feb
(Montel) Opec and its Russia-led partners agreed on Tuesday to increase oil supply in February by 0.4m bbl/day,…
Read moreGerman power Cal 23 rises with higher gas, carbon
(Montel) The new German front-year power contract rose amid higher gas and carbon prices on Tuesday.…
Read moreCoal prices spike as Indonesian export ban impacts supply
(Montel) Pacific basin coal prices jumped more than 10% on Tuesday, with a ban on Indonesian thermal…
Read moreGas prices surge amid low Russian flows, cold weather
(Montel) European prompt gas contracts surged on Tuesday morning, as a sharp fall in Russian flows to European…
Read moreCarbon prices extend rally amid lack of supply
(Montel) European carbon prices extended a strong start to the new year on Tuesday to reach a…
Read moreEU coal terminal stocks averaged 30% lower in 2021
(Montel) Combined coal inventories at four key northwest European dry bulk terminals last year were on average…
Read moreNordic power futures rebound on gas, CO2
(Montel) Nordic power futures rose on Tuesday after falling for three consecutive sessions on the back of stronger…
Read moreUK's green power share slips in 2021
(Montel) Renewable power sources accounted for nearly 30% of the UK’s power mix last year, down from…
Read moreEuropean gas supplies need Nord Stream 2 – Uniper
(Montel) Europe’s security of gas supply is at risk if the Nord Stream 2 pipeline does not…
Read moreCrude trades flat ahead of Opec+ meeting
(Montel) Crude oil was range-bound early on Tuesday ahead of a meeting of the Opec+ oil-producer group…
Read moreGerman clean power share falls in 2021
(Montel) The share of renewable energy in Germany’s power mix fell to less than 46% in 2021,…
Read moreCarbon rises amid thin volumes
(Montel) European carbon prices were climbing on Monday supported by the lack of auction supply and technical strength,…
Read moreFewer negative hours in Germany likely as demand recovers
(Montel) Germany is likely to see fewer negative power price hours in the coming years given a demand…
Read moreDecember LNG imports hit nine-month high
(Montel) Seaborne LNG deliveries to key European destinations climbed to their highest level since April last month…
Read moreFrance to boost use of coal plants to avert supply crunch
(Montel) France plans to boost the use of its coal-fired power plants this month and next in…
Read moreGerman front-month power extends losses on mild weather
(Montel) Germany’s front-month power contract plummeted by EUR 50 on Monday amid forecasts of mild weather…
Read moreSpain’s annual power output rises 3% to 247 TWh
(Montel) Spain's mainland power generation rose 3.1% year on year to 246.9 TWh in 2021, according to…
Read moreTTF front month firms after massive sell-off
<strong>(Montel) TTF gas prices for delivery next month rebounded on Monday following a sharp correction driven by…
Read moreRising wind output set to pressure Spanish power prices
(Montel) Spanish power prices were expected to face some pressure this week amid forecasts for rising wind…
Read moreNordic power futures plunge on mild, wet weather
(Montel) Nordic power futures slumped in early trading on Monday as weather forecasts indicated milder and wetter conditions…
Read moreOil prices edge higher ahead of Tuesday’s Opec+ meeting
(Montel) Oil prices edged higher in range-bound trading on Monday, a day before officials from Opec and its…
Read moreN European power prices turn negative on high wind
(Montel) Hourly power prices in Germany and several neighbouring countries dropped below zero on Monday amid a mixture…
Read moreGerman wind, solar capacity rises by 533 MW in November
(Montel) German wind and solar capacity grew by slightly less than 533 MW in November, data from…
Read moreTerna assigns 540 MW interruptible power contracts
(Montel) Italian TSO Terna has assigned 540 MW interruptible electricity contracts for the current year.…
Read moreGerman spot power to double as wind and solar output drop
(Montel) German day-ahead power prices looked set to more than double on Monday as forecasts showed renewable…
Read moreUK ETS authority to decide on intervention by 18 Jan
(Montel) The UK ETS authority will announce by 18 January whether to intervene in the country’s carbon market…
Read moreLabelling nuclear, gas as green investment is “greenwashing”
(Montel) A European Commission plan to label some gas and nuclear power as green for sustainable investments sends…
Read moreNine-day strike in Finnish tech industry could hit power use
(Montel) Finland’s technology industries, a sector including steelmakers and manufacturers consuming 14 TWh annually, could face a 9-day…
Read moreAlcoa stops Spain unit, signs green PPAs from 2024
(Montel) Global aluminium giant Alcoa will stop all production at its Galicia factory in Western Spain for…
Read moreGas drops amid mild weather
(Montel) European gas prices plunged on Thursday amid forecasts for mild weather in January and the prospect…
Read moreSpain plans to auction 500 MW of renewables in April
(Montel) Spain's energy ministry has launched a public consultation on a scheme for a 500 MW renewables…
Read moreNordic system price hits record high in December
(Montel) (Montel) The Nordic system price settled at EUR 147.18/MWh in December, the highest monthly average since the…
Read moreNuclear outages raise risk of Jan power supply crunch – RTE
(Montel) France faces an increased risk of a power supply shortfall in January due to “historically low”…
Read moreGerman spot power turns negative for 5 hours on Friday
(Montel) German-day ahead power prices will settle in negative territory for five hours on Friday amid strong wind…
Read moreGas front months fall to 3-week low
(Montel) European gas front month contracts extended losses on Thursday to their lowest in three weeks, as forecasts…
Read moreSpanish gas demand rises 5% in 2021 – TSO
(Montel) Spanish gas demand is set to finish the year at 378.5 TWh, a 5% increase from…
Read moreNordic front power drops on wetter, windier weather
(Montel) Nordic power futures fell for the sixth day in a row on Thursday, depressed by wetter…
Read moreGerman spot power to near 5-month low on more wind
(Montel) German day-ahead power looked set to sink around 73% on Thursday to the lowest level since early…
Read morePutin pledges more gas flows to Europe if NS2 approved
(Montel) Russian president Vladimir Putin has pledged increased gas deliveries to Europe if the 55bcm/year Nord Stream 2…
Read moreCrude prices flat as lower stocks offset pandemic concerns
(Montel) Crude oil was flat early on Thursday, as declining US stockpiles counterbalanced worries about potential demand destruction…
Read moreGazprom completes loading of second string of Nord Stream 2
(Montel) Russia’s Gazprom has finished filling the second string of the 55bcm/year Nord Stream 2 gas pipeline, operator…
Read moreCO2 extends gains amid lack of auction supply
(Montel) European carbon prices continued to extend gains on Wednesday amid a lack of supply from daily…
Read moreGas prices extend losses on mild weather
(Montel) European gas prices extended losses and slid nearly EUR 10 early on Wednesday on mild weather…
Read moreNordic January power hits 2-week low on wetter outlook
(Montel) The Nordic January power contract hit a two-week low of EUR 130/MWh on Wednesday amid a wetter…
Read moreRussia expects NS2 certification in H1 – Novak
(Montel) Germany should certify the Nord Stream 2 gas pipeline in the first half of 2022, Russian…
Read moreGerman spot power set for 45% drop on higher wind
(Montel) German day-ahead power prices looked set to shed around EUR 70 on Wednesday amid forecasts of a…
Read moreSpain to auction 1.2 GW of CHP capacity from next year
(Montel) Spain plans to auction 1.2 GW of natural gas- and biomass-fired combined heat and power (CHP) capacity…
Read moreCarbon rises 3% amid thin volumes
(Montel) European carbon prices rose 3% on Tuesday in a very illiquid market due to the holiday season.…
Read moreRWE, Audi test used car batteries for storage
(Montel) RWE is testing used electric car batteries for storage to help stabilise the power grid in…
Read moreJanuary gas extends fall on mild outlook
(Montel) TTF front month gas dropped further on Tuesday as forecasts reconfirmed a milder and windy outlook for…
Read moreNordic front power drops with German prices, gas
(Montel) Nordic power contracts fell on Tuesday along with weaker German power and a softer gas market.…
Read moreGerman spot power to rise 56% on lower wind output
(Montel) German day-ahead power prices looked set to gain around EUR 59 on Tuesday, as forecasts showed a…
Read moreItaly industry may not restart in January amid energy crisis
(Montel) Italy’s energy-intensive industries may not resume operations after the Christmas break as skyrocketing energy prices have eroded…
Read moreNordic power falls EUR 18 with Germany on low volumes
Nordic power futures fell on Monday, with the front month diving almost EUR 20, following significant dives…
Read moreFront-month gas dives EUR 20 on mild outlook
(Montel) The benchmark front-month gas contract on the Dutch TTF hub dived EUR 20 to its lowest…
Read moreGerman forward power prices tumble EUR 60
(Montel) German curve power prices tumbled EUR 60 on Monday morning amid forecasts showing mild, windy weather.…
Read moreGazprom plans no gas auctions to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its electronic sales platform this week, the…
Read moreAlgeria offers more gas to Europe amid supply crunch
(Montel) Algeria is to make available more gas to Europe via the Trans-Mediterranean pipeline to Italy to cope…
Read moreGerman spot power set to fall EUR 40 on more wind
(Montel) German day-ahead power prices looked set to fall EUR 40 on Monday amid a rise in…
Read moreOil prices slip amid demand concerns
(Montel) Oil prices edged down in early trading on Monday amid concerns over demand as US companies…
Read moreNo German Xmas negative prices for first time since 2010
(Montel) Germany has had its first Christmas since 2010 without negative wholesale power prices, with the lowest hourly…
Read morePlunging gas prices pressure energy complex
(Montel) European gas prices remained in freefall on Thursday, in turn dragging down related coal and carbon…
Read moreAt least 2.5bcm of LNG earmarked for Europe by New Year
(Montel) At least 2.5bcm of LNG is en route for arrival at European and west Mediterranean LNG…
Read morePoland calls for EU ETS limits for financial institutions
(Montel) Poland has called on the European Commission to curb the trading activity of financial institutions in the…
Read moreEDF extends Gravelines 4 (0.9 GW) outage to 9 January
(Montel) EDF has extended an outage at its 910 MW Gravelines 4 nuclear reactor in northern France…
Read moreHalt to Yamal gas flows due to lack of orders – Putin
(Montel) Gazprom stopped supplying gas to Germany via the 38bcm/year Yamal gas pipeline this week because European companies…
Read moreEnefit to build 72 MW wind farm in Finland
(Montel) Enefit Green, the renewables subsidiary of Estonian utility Eesti Energia, has made a final investment decision to…
Read moreRussia coal production hits 14-month high, exports struggle
(Montel) Russian coal production grew more than 8% in November to a 14-month high, official data showed…
Read moreNordic Q1 power drops EUR 6 on milder weather
(Montel) The Nordic front-quarter contact softened on Thursday amid rising temperatures and wetter weather, which could offer…
Read moreNordic GOs rise amid lower reservoir levels
(Montel) Guarantees of origin (GO) prices from Nordic hydropower have risen slightly over the past week, partly in…
Read moreAxpo appoints new head of gas trading
(Montel) Swiss utility Axpo has appointed Sandro Giannotti as the company’s new head of gas trading, it…
Read moreGerman spot power to fall 32% with more wind, lower demand
(Montel) German day-ahead power prices looked set for a EUR 98 drop on Thursday, as forecasts showed higher…
Read moreUkraine increases firm gas import capacity by 8mcm/day
(Montel) Ukraine will increase its overall firm gas import capacity by a third, to 35mcm/day, by adding 8mcm/day…
Read moreOil prices flat as US stock drop offsets virus concerns
(Montel) Oil prices were largely flat in early Thursday trading as a drop in US crude stocks…
Read moreRussian gas flows slide 8.5% on 3 main pipelines
(Montel) Russian gas exports to northwestern Europe along three main conduits were seen on Thursday approximately 8.5%…
Read moreFrench February power remains at EUR 1,000 amid “panic”
(Montel) The French February power contract remained at an eye-watering EUR 1,000/MWh for the second consecutive day…
Read moreUkraine’s Naftogaz urges EU action over Russia supply dearth
(Montel) Ukrainian utility Naftogaz has urged the European Commission to force Russia’s Gazprom to release more gas, to…
Read moreGerman front-year power soars near EUR 20 to new high
(Montel) German front-year power soared near EUR 20 to hit a fresh record high on Wednesday, despite retreating…
Read moreUniper agrees low-carbon gas supply deal with Novatek
(Montel) German utility Uniper has signed a long-term supply deal for low-carbon ammonia, a derivative of hydrogen, from…
Read moreEurope’s LNG imports set to surge on high prices
(Montel) European and west Mediterranean LNG imports could more than double over the coming week, versus the…
Read moreNordic power futures slip EUR 7 from highs on milder outlook
(Montel) Nordic power futures fell up to more than EUR 7 from record highs set in the previous…
Read moreDutch announce emissions limits on coal plants from 1 Jan
(Montel) The Netherlands will enforce carbon emissions limits on coal-fired plants from 1 January to help meet…
Read moreGas prices retreat but Gazprom "pressures market"
(Montel) European gas prices dropped sharply in early Wednesday trading amid profit-taking from record highs achieved yesterday…
Read moreCarbon slides EUR 4 on lockdown fears
(Montel) European carbon prices have fallen close to 6%, or EUR 4, on Wednesday as concerns over potential…
Read moreGerman spot power set to dive more than EUR 130 on wind
(Montel) German day-ahead power prices looked set to fall more than EUR 130 on Wednesday as wind…
Read moreOil prices steady amid Omicron uncertainty
(Montel) Oil prices were little changed on Wednesday amid lingering uncertainty regarding the spread – and potential…
Read moreGermany opens 1.2 GW tender for coal closures in 2024
(Montel) Germany’s BNA network regulator has launched its fifth hard coal exit tender for bids to close 1.223…
Read moreGerman power skyrockets to new peak in "crazy" market
(Montel) German front-year power skyrocketed EUR 25 to an unprecedented EUR 281/MWh on Tuesday in what one participant…
Read moreEC allows carbon CFDs in EU state-aid rules
(Montel) National governments will be able to use carbon contracts for difference (CFDs) linked to the EU carbon…
Read moreRecord gas prices catapult EU power markets to new highs
(Montel) Power prices across Europe soared to record highs on Tuesday, in tandem with skyrocketing gas prices,…
Read moreFrench power imports hit maximum amid nuclear supply woes
(Montel) France’s electricity imports from its neighbours hit their maximum level on Tuesday largely due to record low…
Read moreGerman energy sector emissions rise 12% in 2021 – lobby
(Montel) Germany’s energy sector emissions will rise 11.8% on the year to 247m tonnes in 2021 due to…
Read moreGas prices surge to record highs as Russia cuts flows
(Montel) European gas prices surged by around 10% to record highs on Tuesday, as Russian supply diminished…
Read moreEU faces “difficult” debate over ETS reforms – Slovenia
(Montel) France can expect “difficult negotiations” to agree carbon market reforms when it takes over the rotating EU…
Read moreNordic January power spirals to EUR 186 record high
(Montel) The Nordic January power contract surged near EUR 16 to a fresh high of EUR 186/MWh on…
Read moreCarbon extends rally on gas, auction break
(Montel) European carbon prices are extending the previous session’s gains on Tuesday underpinned by jumping gas prices and…
Read moreRussian gas flows via Mallnow drop to zero, prices spike
(Montel) Russian gas flows via the Mallnow connection on the German-Polish border came to a halt this…
Read moreOil prices edge up as Omicron fears “overdone”
(Montel) Oil prices were edging up on Tuesday, after hitting a two-week low in the prior session, as…
Read moreNorway may see “power rationing” amid dry outlook – analyst
(Montel) Norway may have to start “rationing consumption” to avoid hydropower reservoirs from running dry before the snowmelt…
Read more"Fear" is boosting Spanish power futures – experts
(Montel) Spanish power prices in 2022 are likely to out-turn well below current forward price levels, with contracts…
Read moreEC approves German hydrogen support scheme
(Montel) The European Commission has approved Germany’s EUR 900m scheme to support investment in the production of renewable…
Read moreBull run for Nordic power to continue next year – analysts
(Montel) Nordic spot power prices will likely hit fresh record highs next year and average above EUR 64/MWh,…
Read moreNordic front power rises EUR 3 on strong spot, drier outlook
(Montel) Nordic power forwards climbed on Monday amid very high spot prices and drier weather forecasts.…
Read moreBelgium still considering nuclear extensions – report
(Montel) Belgium is still considering extending the lifetime of two nuclear reactors, though it was not the…
Read moreFrench minister urges EDF to optimise supply this winter
(Montel) French energy minister Barbara Pompili has urged EDF CEO Jean-Bernard Levy to optimise power supply in the…
Read moreOil slides as Omicron spread dampens demand outlook
(Montel) Oil prices were slid more than USD 2 on Monday as the rapid spread of the Omicron…
Read moreNord Stream 2 is a “geopolitical mistake” – German minister
(Montel) The Nord Stream 2 gas pipeline was a “mistake” from a “geopolitical point of view” but could…
Read moreCarbon plummets 13% as fuel prices slide
(Montel) European carbon prices fell as much as 13% on Friday as participants liquidated their positions ahead of…
Read moreFrance to rely on “pricey” imports amid cold, outages
(Montel) France will rely on expensive power imports to meet demand next week due to unplanned reactor outages…
Read moreCoal generation to hit all-time high in 2021 – IEA
(Montel) Global power generation from coal is expected to jump 9% this year to an all-time high,…
Read moreGas, nuclear green status debate a “tiny” issue – Scholz
(Montel) Whether natural gas and nuclear should be considered “green” investments is a “tiny” issue in the wider…
Read moreGas prices dive EUR 3 on CO2 slump, milder outlook
(Montel) European front-month gas prices fell up to EUR 3 on Friday amid a 12% slump on the…
Read moreEU leaders pledge to monitor carbon, power prices
(Montel) EU leaders plan to keep a close eye on soaring carbon and power prices and will discuss…
Read moreDutch nuclear operator readies for new-build plans
(Montel) EPZ, the operator of the Netherlands’ sole nuclear power plant, said it was ready to play a…
Read moreNordic power futures retreat from records on profit-taking
(Montel) Nordic power futures fell from record highs set in the previous session on Friday, as profit-taking and…
Read moreCO2 market set to remain range-bound to year end
(Montel) Carbon prices will likely remain range-bound at EUR 75-91/t until the end of the year, as…
Read moreRussian freeze to compound Europe energy crisis – forecaster
(Montel) A severe cold snap in Russia may compound an energy supply crunch in Europe, while the latter…
Read moreGerman spot power to climb next week on low wind, cold
(Montel) German spot power prices on Friday looked set to climb next week to a record average…
Read moreNorway to distribute EUR 98m to hydrogen projects
(Montel) Norway’s government plans to distribute NOK 1bn (EUR 98m) to support three hydrogen projects, it said on…
Read moreCrude prices fall on Omicron concerns
(Montel) Crude oil was lower early on Friday on pessimism about the impact on demand of the soaring…
Read moreFrench industrials call for cap on soaring prices
(Montel) French industrial power users have urged authorities to cap power prices – which reached a record…
Read moreNord Stream 2 is not a political bargaining chip – Scholz
(Montel) The Nord Stream 2 gas pipeline should not serve as a bargaining chip to ease tensions between…
Read moreSpeculators are key to EU ETS – experts
(Montel) Financial speculators and non-compliance entities in the EU ETS are important players and therefore any intervention to…
Read moreCarbon gains in bullish market
(Montel) European carbon prices rose on Thursday, as French nuclear outages should drive fossil-fuel generation during the winter.…
Read moreClean hydrogen definition key to boosting market – experts
(Montel) Clearly defining and certifying low-carbon hydrogen will be key to ramping up trading volumes, and the European…
Read moreUK ETS hits new high of GBP 77.20/t
(Montel) The UK’s carbon price rose by almost GBP 3 to surpass a previous high in September on…
Read moreGerman power prices hit "catastrophic" highs on French fears
(Montel) German front-year power surged to a new high of EUR 230/MWh on Thursday – which one trader…
Read moreSpain spot power soars to new high above EUR 309 on gas
(Montel) Day-ahead prices for Spanish baseload power settled at a new high above EUR 309/MWh on Thursday…
Read moreFrench reactor shutdowns due to cracks – watchdog
(Montel) EDF’s decision announced earlier to shut down two French reactors was due to the discovery of cracks…
Read moreJan gas contracts retreat from 2-month highs
(Montel) Front-month gas prices pulled back from two-month highs on Thursday following an early surge driven by…
Read moreTackling energy price impacts a priority for EU leaders
(Montel) Tackling energy price impacts on citizens and businesses is one of the EU’s key policy priorities for…
Read moreGerman regulator unlikely to decide on NS2 in H1 2022
(Montel) Germany’s BNA network regulator is unlikely to decide on the certification of the contested Nord Stream 2…
Read moreEuropean PPAs signed in 2021 jump 69% to 6.1 GW – RE-Source
(Montel) The amount of European corporate power purchase agreements (PPAs) signed this year surged 69% from a year…
Read moreSupply fears push Newcastle coal index to 7-week high
(Montel) Pacific-basin benchmark coal prices have risen 14% this week to a seven-week high amid some concerns…
Read moreFrench January power surges to EUR 550 on reactor shutdowns
(Montel) France’s January power contract surged by 40% to a fresh record high of EUR 550/MWh on Thursday…
Read moreUK hourly power price revisits GBP 1,500 on wind dearth
(Montel) UK hourly power prices for Friday revisited the previous session’s peak of GBP 1,500/MWh on forecasts…
Read moreNordic power hits fresh record highs on colder forecasts
(Montel) Nordic power contracts were hitting fresh highs on Thursday amid colder weather forecasts than previously expected and…
Read moreOlkiluoto 3 (1.6 GW) gets permission to start testing
(Montel) Finnish nuclear watchdog Stuk said on Thursday it has approved an application by the operator of…
Read moreEnea to add 3.5 GW renewables, seeks carbon neutrality
(Montel) Polish power utility Enea aims to add 3.5 GW in renewable energy capacity by 2040 in a…
Read moreEquinor, Engie launch blue hydrogen plans in Belgium
(Montel) Norwegian energy company Equinor and French utility Engie plan to develop hydrogen from cleaned natural gas in…
Read moreEDF shuts two Chooz units (3 GW) to inspect piping
(Montel) EDF will shut down its two Chooz nuclear reactors (3 GW) in France for preventative inspection of…
Read morePoland's prime minister slams EU carbon trading scheme
(Montel) Polish prime minister Mateusz Morawiecki slammed the “irrational logic” behind the EU ETS, calling it susceptible to…
Read moreGerman spot power to extend record high as wind output drops
(Montel) German day-ahead power looked set to extend a record on Thursday over EUR 350/MWh as forecasts suggested…
Read moreOil prices rise after big drop in US crude inventories
(Montel) Oil prices traded around 1% firmer early on Thursday following a larger-than-expected decline in the nation’s crude…
Read moreDenmark aims for 4-6 GW electrolyser demand by 2030
(Montel) The Danish government intends to spend DKK 1.25bn (EUR 16.8bn) on developing hydrogen and related electricity conversion…
Read moreItaly to spend another EUR 3.8bn to curb higher energy bills
(Montel) The Italian government is planning to spend at least an additional EUR 3.8bn next year to mitigate…
Read moreDutch government promises nuclear plant’s lifetime extension
(Montel) The incoming Dutch government has promised to extend the operational lifetime of the country’s only nuclear plant…
Read moreTAP gas flows to Europe have risen 40% since September
(Montel) Gas flows to Europe via the Trans Adriatic Pipeline (TAP) have jumped 40% since mid-September to reach…
Read moreEC wants platforms to resell LNG, storage capacity
(Montel) European LNG and natural gas storage operators would have to set up transparent and non-discriminatory booking platforms…
Read moreCarbon gains ahead of options expiry
(Montel) European carbon prices rose on Wednesday, reversing the previous day’s losses amid volatility ahead of the day’s…
Read moreSwedish TSO to boost Norway, Denmark capacity up to 1 GW
(Montel) Swedish TSO Svenska Kraftnat has announced a measure for calculating cross-border flows that can boost available capacity…
Read moreCO2 to average EUR 75 in 2022 on weaker gas – bank
(Montel) European carbon prices should average EUR 75/t next year, compared with a current price of around EUR…
Read moreGerman power Cal 22 continues slide on softer gas
(Montel) Germany’s benchmark front-year power contract shed EUR 6 on Wednesday amid falling gas prices and less…
Read moreSpanish spot power hits record high above EUR 300/MWh
(Montel) Spanish day-ahead power prices reached a new high above EUR 300/MWh on Wednesday amid a buoyant gas…
Read moreEC proposes voluntary joint gas buying for crises
(Montel) EU countries would be able to pool their resources to negotiate buying gas for emergency storage if…
Read moreBullish gas sees biomass prices soar 65% to multi-year highs
(Montel) The price of wood pellets for use in European power generation has risen around 65% since…
Read moreGermany must speed up transition as green share falls – BDEW
(Montel) Germany must complete its renewables transition “as quickly as possible”, as the country saw its share of…
Read moreEC sets out draft low-carbon hydrogen certification rules
(Montel) Only hydrogen produced with emission savings of at least 70% compared with its unabated fossil fuel-sourced equivalent…
Read moreEC wants to ban long-term gas contracts after 2049
(Montel) All long-term contracts for natural gas with unabated CO2 emissions would have to expire by the end…
Read moreUK hourly power price surges to GBP 1,500
(Montel) UK hourly power prices for Thursday surged to over GBP 1,500/MWh and the daily average reached a…
Read morePandemic delays coal to gas conversion at Uniper plant
(Montel) German utility Uniper has postponed plans to close its 345 MW hard coal-fired power unit Scholven B…
Read moreNordic Jan power soars EUR 11 to new high on cold, low wind
(Montel) The Nordic front-month and front-quarter power contracts continued to surge to new highs for a third…
Read moreGermany approves closure of 0.5 GW coal plants
(Montel) Germany’s BNA network regulator has approved the closure of 0.5 GW of coal-fired capacity by 22 May…
Read moreVolatility in gas market far from over – Ofgem
(Montel) UK regulator Ofgem has warned that the country’s retail energy market faces continued headwinds from volatile gas…
Read moreSpain’s BNZ to build a 45 MW solar PV plant in Italy
(Montel) Spanish independent power producer BNZ will build its first solar photovoltaic plant in Italy with an installed…
Read moreLatest Portuguese GO auction sees prices drop
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power traded down by up to EUR 0.28/MWh…
Read moreNorway’s gas exports rise 7% in November
(Montel) Norwegian gas exports rose 6.7% year on year in November to 10.2bcm, contributing to record revenues for…
Read moreGerman spot power set for record near EUR 350 as wind halves
(Montel) German day-ahead power prices looked set to touch a new record near EUR 350/MWh amid bullish…
Read moreUK watchdog seeks tougher measures to tackle energy crisis
(Montel) The chief of the UK’s independent energy regulator has called for speedier and tougher action to tackle…
Read moreUK will not intervene in CO2 market after cost curb set off
(Montel) The UK ETS authority will not intervene in the UK Allowances (UKA) market after triggering the…
Read moreEC to set out 2050 net-zero gas rules on Wednesday
(Montel) The EU’s natural gas sector will face new pressures to help the bloc achieve net-zero emissions by…
Read moreSpain to decide on tax cuts extension “soon” – minister
(Montel) The Spanish government will “soon, shortly” take a decision on energy levies as it mulls extending some…
Read moreGerman PPA market lags behind neighbours – Microsoft
(Montel) Securing renewable supply with power purchase agreements (PPAs) was less competitive in Germany compared to the rest…
Read moreFrance must improve nuclear power availability – minister
(Montel) France must improve the availability of its nuclear power supply to achieve carbon neutrality in 2050, industry…
Read moreGerman renewables expansion needs subsidies to 2040 – lobby
(Montel) Germany’s plans to expand the country’s renewables capacity will require the government to keep its subsidy scheme…
Read moreCO2 drops EUR 4 on profit-taking, gas climbs
(Montel) European carbon prices fell by 5% on Tuesday on profit-taking while gas hit a 10-week high on…
Read moreDenmark to support CCS projects with EUR 2.2bn
(Montel) A Danish parliament majority agreed to provide DKK 16bn (EUR 2.2bn) for carbon capture and storage (CCS)…
Read moreFalck plans new 675 MW floating offshore wind plant in Italy
(Montel) Italy’s Falck Renewables and Spain’s BlueFloat Energy are planning to jointly develop a 675 MW floating offshore…
Read moreWorkers end UK oil and gas field strike – union
(Montel) Workers at French energy firm TotalEnergies’ UK oil and gas facilities have ended just over a…
Read moreVattenfall plans to start 0.3 GW Danish wind farms in 2023
(Montel) Swedish utility Vattenfall has made a final investment decision for two Danish offshore wind farms totalling 344…
Read moreNo threat to UK winter gas supply – government
(Montel) Diversity of supply will ensure the UK faces no gas shortages this winter despite spiralling global prices,…
Read moreSpain approves EUR 6.9bn spending plan for renewables
(Montel) Spain’s government on Tuesday approved a plan to allocate EUR 6.9bn in the next two years for…
Read moreStrike could cut Finnish power demand by 345 MW
(Montel) The Finnish Paperworkers’ union issued a strike warning on Tuesday against forestry firm UPM, with the latter…
Read moreGerman front-year power falls from record high on weaker CO2
(Montel) The German front-year power contract started a downward correction on Tuesday in line with CO2 after…
Read moreCarbon slides 5% amid profit-taking, technical selling
(Montel) European carbon slid around 5% on Tuesday as speculators cashed in some of their gains ahead of…
Read moreSpanish spot power sets fresh high above EUR 291
(Montel) Day-ahead power prices in Spain hit a fresh high above EUR 291/MWh on Tuesday amid higher…
Read moreTSOs delay planned launch of countertrade on Nordlink cable
(Montel) Countertrade on the 1.4 GW Nordlink cable between Norway and Germany will not be introduced from the…
Read moreItaly to sell 5.12m GOs in December auction
(Montel) Italian state-owned energy services company GSE plans to sell around 5.12m guarantees of origin (GO) for January-October…
Read moreGas prices jump to 10-week highs
(Montel) Gas prices jumped to fresh 10-week highs on Tuesday, driven by the prospect of colder weather…
Read moreRWE, Enerparc sign 10-year German solar PPA (57 MW)
(Montel) German utility RWE has signed a solar power purchase agreement (PPA) with Hamburg-based solar developer Enerparc to…
Read moreNordic Q1 power jumps EUR 13 to fresh high on cold outlook
(Montel) The Nordic Q1 power contract jumped EUR 12.90 to hit a fresh contract high of EUR 123/MWh…
Read moreCovid surge may slow oil demand recovery – IEA
(Montel) A surge in new Covid-19 cases – including the Omicron variant – could slow the recovery in…
Read moreGerman spot power eyes 5% drop as wind and solar output rise
(Montel) German day-ahead power prices looked set to shed around EUR 16 on Tuesday, as forecasts predicted a…
Read moreEDF postpones 3 reactor outages to avert supply crunch
(Montel) EDF will delay outages at three nuclear reactors in France – Flamanville 1, 2 (1,300 MW each)…
Read moreOil edges up but Omicron concerns dent gains
(Montel) Oil was edging up on Tuesday amid a positive demand outlook from Opec for next year, though…
Read moreGerman 1.1 GW unit runs "irregularly" due to coal shortage
(Montel) Germany’s largest and newest hard coal-fired unit Datteln 4 (1.1 GW) was currently running “irregularly” due to…
Read moreGas drives energy complex higher
(Montel) European gas prices surged to a nine-week high, pulling the rest of the energy markets higher…
Read moreFrench spot power hits new high, driven by gas prices
(Montel) French day-ahead power prices hit an historical high on Monday and could climb further over the week,…
Read moreGazprom plans no gas auctions to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…
Read moreScotland approves final tranche of 1.1 GW wind farm project
(Montel) The Scottish government has approved the final tranche of what will become the country’s largest offshore wind…
Read moreSpain Cal 22 power tops EUR 200/MWh on gas rally
(Montel) The Spanish Cal 22 power contract hit a record high above EUR 200/MWh on Monday as spot…
Read moreGerman front-year power hits record above EUR 200 on cold
(Montel) German front-year power leapt to a new record above EUR 200/MWh on Monday, pulled up by a…
Read morePrompt gas hits 2-month high on cold, supply concerns
(Montel) European gas front-month contracts rose to two-month highs on Monday, as cold weather forecasts exacerbated concerns about…
Read moreOmicron impact on global oil demand “short-lived” – Opec
(Montel) The impact of the new Omicron variant on global oil demand “is expected to be mild and…
Read moreNordic power front hits new highs on cold outlook, Germany
(Montel) Nordic power futures soared on Monday morning, with January, Q1 and Cal 22 hitting fresh highs on…
Read moreFinland wind developer Ilmatar to expand into solar (40 MW)
(Montel) Finnish wind developer Ilmatar will expand into solar power by building two farms (total 40 MW) in…
Read moreNaturgy buys 373 MW Spanish solar projects from Ence
(Montel) Naturgy has bought five solar projects in Spain totalling 373 MW from Ence Energia for EUR 62m.…
Read moreStatkraft, Foresight sign 10-year Spanish solar PPA
(Montel) Statkraft has signed a 10-year Spanish solar power purchase agreement (PPA) with UK investment fund Foresight Solar,…
Read moreGerman spot power set to surge to EUR 300, eyes new record
(Montel) German day-ahead power prices looked set to jump more than EUR 30 on Monday and could soar…
Read moreOil rises as fears recede over economic fallout of virus
(Montel) Oil prices were rising on Monday as fears were somewhat receding about the economic fallout from the…
Read moreRising gas prices lift coal, CO2
(Montel) A rise in European gas prices on Friday gave support to coal and carbon, market participants said. …
Read moreSpain approves roadmap for 1-3 GW offshore wind by 2030
(Montel) The Spanish government has approved a previously announced policy to develop 1-3 GW of floating offshore…
Read moreSpain-France 2022 capacity auction clears at record high
(Montel) An annual auction for 600 MW of power capacity from Spain to France for 2022 cleared at…
Read moreCO2 market volatility to persist ahead of options expiry
(Montel) European carbon prices are expected to remain volatile ahead of key options expiry next week, while some…
Read moreFinnish utility plans storing carbon in Norway
(Montel) Finnish utility Helen and Norwegian energy company Horisont Energi said on Friday they intend to cooperate in…
Read moreTTF gas front month gains on colder forecasts
(Montel) The TTF front-month gas contract traded higher on Friday amid support from forecasts predicting a cold…
Read moreNordic January power drops EUR 4 on milder, wetter weather
(Montel) The Nordic front week and January power contracts softened on Friday amid rising temperatures and wetter…
Read moreENBW, Frankfurt Airport sign 85 MW wind PPA
(Montel) ENBW has signed a long-term power purchase agreement (PPA) with Frankfurt Airport to supply 85 MW from…
Read moreItaly’s ERG buys 92 MW solar projects in Spain
(Montel) Italian renewables firm ERG has bought two solar plants in Spain with a combined capacity of 91.6…
Read moreNorway’s wide power price divergence to extend 5 years – TSO
(Montel) Power prices in Norway will likely continue to diverge widely in the next five years due to…
Read moreGermany to see cold weather return from late December
(Montel) Germany was set to return to cold weather following a mild spell next week, forecasters said…
Read morePolish MPs vote to suspend EU ETS
(Montel) Polish MPs voted on Thursday in favour of a resolution urging the suspension of the EU ETS…
Read moreCrude prices fall on Omicron concerns
(Montel) Crude oil was lower early on Friday on pessimism about the threat to demand posed by the…
Read moreEU approves hydropower, bioenergy green finance criteria
(Montel) The EU has approved the first list of criteria to determine which economic activities are sustainable, including…
Read moreCO2 sheds 8% on profit-taking
(Montel) European carbon prices dived up to 8% on Thursday, having hit a new record high in the…
Read moreGrowing LNG volumes may replace coal by 2040 – Poten
(Montel) Global LNG demand could rise by more than 60% to 580m tonnes/year (789bcm) by 2040, with…
Read moreGas to “almost certainly” remain tight this winter – Eurasia
(Montel) The existing gas market tightness in Europe will “almost certainly” last throughout the current winter, with…
Read morePrice strength entices German post-subsidy wind farms
(Montel) Around 3 GW of German wind power capacity exiting the country’s EEG renewable subsidy scheme from next…
Read moreEPR start-up depends on Taishan probe – French regulator
(Montel) France's ASN nuclear safety authority must see the results of an investigation into faulty fuel-rod cladding at…
Read moreAlpiq revises down H1 earnings due to “accounting mismatch”
(Montel) Swiss utility Alpiq on Thursday revised down its H1 trading earnings from CHF 41m to CHF…
Read moreGerman power front year dives amid carbon losses
(Montel) German front-year power reversed course from a morning record high to lose over EUR 20 on…
Read moreTight hydropower supply underpins GO contracts
(Montel) European hydropower guarantees of origin prices were broadly stable the week to Thursday, underpinned by supply tightness…
Read moreFrance mulls increasing Arenh volume by 50 TWh – source
(Montel) France is considering increasing the volume of nuclear power available on the regulated Arenh rate by 50…
Read moreGas prices slide near EUR 5 amid energy sell-off
(Montel) Gas prices slid nearly EUR 5 on Thursday amid a European-wide sell-off of energy commodities, while increased…
Read moreStatkraft signs 3-year wind PPA with German cement maker
(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German cement manufacturer Opterra to deliver…
Read moreNordic power futures retreat with German power, carbon
(Montel) Nordic power futures fell on Thursday along with German power prices and carbon and amid milder forecasts. …
Read moreRen-Gas seeks 1.8 GW Finnish wind for electrolysers by 2030
(Montel) Renewable gas start-up Ren-Gas needs around 1.8 GW of wind power production for electrolysers to fulfil its…
Read moreEurope’s coal imports to near 3-year high in December
(Montel) Northwest European imports of thermal coal could rise 8% on the year this month to a…
Read moreGerman spot power set to fall as wind and solar output rise
(Montel) German day-ahead power looked set to fall on Thursday as forecasts pointed to an increase in…
Read moreOil prices extend 1-week highs as Omicron concerns ease
(Montel) Oil prices extended more than one-week highs early on Thursday amid hopes that the Omicron coronavirus variant’s…
Read moreAxpo trading results jump 43% but accounting rules cap gains
(Montel) Swiss utility Axpo’s trading and sales earnings climbed to CHF 531m (EUR 509m) in fiscal year 2020-21…
Read moreFinland to start offshore wind auctions by 2024
(Montel) The Finnish government plans to start auctioning state-owned sea areas to offshore wind developers during 2023-2024,…
Read moreCarbon tops EUR 90, gas holds above EUR 100
(Montel) European carbon prices extended a month-long rally on Wednesday afternoon to breach a record EUR 90/t,…
Read moreTSOs, exchanges propose measure to tackle power decoupling
(Montel) European TSOs and power exchanges have proposed removing local second auctions in the central west Europe…
Read moreNorway must attract imports to tackle low hydro levels – EQ
(Montel) Southern Norway hydropower producers must raise prices to attract imports from the rest of Europe and avoid…
Read moreFrench power Cal 22 hits contract high on low nuclear supply
(Montel) France’s front-year power contract hit a fresh record high above EUR 200/MWh on Wednesday amid expectations…
Read moreFrance faces “power supply constraints” amid outages – TSO
(Montel) France is facing “significant constraints” on power supply amid extended maintenance outages at reactors in the country’s…
Read morePotential early start-up of Olkiluoto 3 uncertain – operator
(Montel) Finnish nuclear operator TVO said on Wednesday it did not know if its 1.6 GW Olkiluoto 3…
Read moreLead MEP backs keeping carbon reserve intake at 24%
(Montel) The EU should keep the 24% intake rate of EU carbon allowances into a reserve until 2030…
Read moreCO2 spirals towards EUR 90/t as another record falls
(Montel) European carbon prices reached a record high above EUR 89/t on Wednesday morning as market participants…
Read moreSweden, Finland undecided on transmission rights
(Montel) Swedish and Finnish energy regulators are still in talks on the potential introduction of transmission rights between…
Read moreNordic front-year power hits decade high on Germany, CO2
(Montel) Nordic power futures jumped on Wednesday – with the front year hitting an 11-year high –…
Read moreGas prices spike to multi-week highs on outage
(Montel) Gas prices rose sharply to multi-week highs on Wednesday, spurred by news of a Norwegian gas-field…
Read moreFledgling Finnish green H2 project receives EUR 20m funding
(Montel) Finnish green hydrogen developer P2X Solutions has attracted EUR 20m from investors, bringing plans for the country’s…
Read moreGerman Cal 22 tops EUR 184/MWh on record carbon
(Montel) Germany’s benchmark power contract for next year hit a fresh record high above EUR 184/MWh early on…
Read moreEuropean gas shortages to drive prices into 2022 – bank
(Montel) Supply shortages, strong economic growth and “unexpected weather events” will likely continue to support European gas…
Read morePan-European GO marketplace prompts mixed reaction
(Montel) Epex Spot’s plan to launch a pan-European market for guarantees of origin (GOs) has prompted mixed reactions…
Read moreWind power plunge supports German spot rebound
(Montel) German day-ahead power prices looked set to rebound on Wednesday as forecasts pointed to a sharp…
Read moreOil prices retreat from Tuesday’s 3% gains
(Montel) Oil prices traded a shade down early on Wednesday, pulling back from their gains of more than…
Read moreUS uses NS2 as leverage amid rising Russia-Ukraine tensions
(Montel) The US would demand a halt in the Nord Stream 2 pipeline if Russia were to invade…
Read moreCarbon keeps hitting new highs amid tight gas
(Montel) European carbon prices surged by over EUR 3 to a fresh record near EUR 85/t on Tuesday,…
Read moreGerman power front year marks 2-month high on new CO2 record
(Montel) The German front-year power contract soared EUR 10 to hit a fresh two-month high on Tuesday…
Read moreTurkish coal imports drop 32% on price spike
(Montel) Turkish thermal coal imports declined 32% in October to a five-month low, official data showed, as…
Read moreGas prices gain on cold, carbon, Russian uncertainty
(Montel) European gas prices gained over 6% on Tuesday amid cooler weather forecasts, record carbon prices, and continued…
Read moreBerlin to “discuss” NS2 as Russia-Ukraine tensions rise
(Montel) Berlin was monitoring escalating tensions between Russia and Ukraine closely, incoming ministers told a press conference…
Read moreSpanish spot to fall on record wind power
(Montel) Spanish day-ahead power prices looked set to plummet on Tuesday as forecasts suggested wind generation would…
Read moreNordic power front year nears 11-year high on rising gas
(Montel) The Nordic front-year power contract hit near an 11-year high on Tuesday as power prices were markedly…
Read moreBelgian power supplier goes bankrupt amid price surge
(Montel) Belgian power supplier Vlaamse Energieleverancier is the country’s first major supplier to go bankrupt during the…
Read moreChinese coal imports hit 11-month high in November
(Montel) Chinese coal imports tripled on the year in November to an 11-month high of 1.18m tonnes/day…
Read moreLithuanian utility launches 94 MW Polish wind farm
(Montel) Lithuanian power utility Ignitis has launched its 94 MW Pomerania wind farm in northern Poland, after receiving…
Read moreGerman spot power set to dive EUR 54 on 32 GW wind
(Montel) German day-ahead power prices looked set to drop more than EUR 54 – or 25% – on…
Read moreRWE, Novatek to cooperate on low-carbon fuels, LNG
(Montel) German utility RWE and Russian energy firm Novatek will cooperate in developing low-carbon fuels, such as hydrogen,…
Read moreOil rises on strong demand signals, waning Omicron concerns
(Montel) Oil prices were rising on Tuesday amid signs of strong demand, while concerns over the Omicron coronavirus…
Read moreOil and gas “essential” for energy transition – Saudi Aramco
(Montel) Fossil fuels are “essential” for the world’s transition to green energy and beyond, said the CEO of…
Read moreExtreme volatility will not deter expansion – Norlys Energy
(Montel) Norlys Energy Trading’s CEO is confident the firm will continue its plan to expand across Europe and…
Read morePrice spike fires up Dutch to exit gas
(Montel) An unprecedented spike in TTF gas prices this quarter has spurred Dutch plans to move households off…
Read moreItaly fast-tracks 350 MW of wind capacity
(Montel) The Italian government has fast-tracked about 347 MW of wind energy projects in an effort to speed…
Read moreDouble down on UK price cap for net-zero CO2 – economist
(Montel) The UK’s energy price cap should not be abolished but used by government to mitigate the current…
Read moreCarbon climbs near record in bullish market
(Montel) European carbon prices rose close to their recent high in Monday trading as bullish sentiment continued to…
Read morePolish TSO asks neighbours for help amid supply crunch
(Montel) Poland’s electricity TSO had to ask its counterparts in Germany, Lithuania, Sweden and Ukraine to provide power…
Read moreNew German government won’t hinder Nord Stream 2 – expert
(Montel) Germany’s new administration may sympathise with critics of Nord Stream 2 more than its predecessor, but…
Read moreBaltic spot power climbs to record above EUR 469/MWh
(Montel) Baltic day-ahead power prices on Monday settled at a record average of EUR 469.03/MWh, with hourly peaks…
Read moreStrike at UK oil, gas fields to have “major impact” – union
(Montel) Workers at French energy firm TotalEnergies UK oil and gas facilities began strike action on Monday,…
Read moreGerman Greens clear way for new coalition’s energy plan
(Montel) Germany’s Green party on Monday cleared the way for a new government coalition that plans to more…
Read moreGerman front-year power jumps to 2-month high
(Montel) German front-year power hit a two-month high on Monday amid bullish market sentiment stemming from higher carbon…
Read morePolish balancing, spot power hit record highs
(Montel) Polish balancing and spot power prices soared to record highs on Monday amid a tight supply situation…
Read morePersisting demand to underpin coal prices
(Montel) European coal prices will likely draw further support this week from a lack of spot material…
Read moreGas prices soften on milder, windier outlook
(Montel) European spot and forward gas prices eased on Monday in response to forecasts of milder and…
Read moreNordic Jan power slumps to 2-week low on wet, mild outlook
(Montel) Nordic power front futures dropped on Monday as weather forecasts pointed to wetter, milder and winder conditions…
Read moreVoltalia signs 20-year solar PPA with 11 French firms
(Montel) French renewables firm Voltalia has signed a 20-year power purchase agreement (PPA) with 11 French companies for…
Read moreFrench power supplier Hydroption goes bankrupt
(Montel) French power supplier Hydroption has become the country's first independent supplier to go bankrupt, amid spiralling energy…
Read moreGazprom will sell no gas on auction to Europe this week
(Montel) Gazprom plans no sales of gas to European customers via its auction platform (ESP) this week, the…
Read moreDanish consortium plans 400 MW electrolyser in 2028
(Montel) Three companies plan to build a large facility for green methanol production in Aalborg, Denmark, that could…
Read moreGerman spot power eyes 13% drop on rising wind output
(Montel) German day-ahead power prices looked set to plummet around EUR 33 as wind output was forecast to…
Read moreEquinor buys 45% stake in UK battery producer
(Montel) Norway’s Equinor has bought a 45% stake in UK battery storage developer Noriker Power for an undisclosed…
Read moreSwedish TSO activates 662 MW reserve plant to aid Poland
(Montel) Swedish TSO Svenska Kraft has activated a 662 MW reserve oil-fired power plant – Karlshamnsverket – in…
Read moreDenmark agrees to add 2 GW offshore wind by 2031
(Montel) A majority in the Danish parliament has agreed to add 2 GW of offshore wind capacity by…
Read moreOil rises but concerns over Omicron restrictions remain
(Montel) Oil was rising on Monday but concerns around the Omicron coronavirus variant and potential restrictions to temper…
Read moreCO2 pares gains following record
(Montel) European carbon prices retreated from the morning’s record high above EUR 80/t and looked set to…
Read moreGerman power front month gains on higher gas, colder outlook
(Montel) German front-month power prices edged higher on Friday amid gas market strength and slightly colder forecasts for…
Read moreGermany needs 5.5 GW onshore wind growth annually – lobby
(Montel) Germany will need to add 5.5 GW of onshore wind annually – more than double its…
Read moreEU ministers urge clarity on gas, nuclear green status
(Montel) EU energy ministers continue to urge the European Commission to clarify as soon as possible if nuclear…
Read moreCarbon options guide market higher
(Montel) European carbon prices have scaled EUR 80/t on the back of bullish sentiment linked to the…
Read moreItaly to add up to 1 GW solar capacity in 2021 – lobby
(Montel) Italy is expected to end the year with 950 MW-1 GW of new solar capacity, which is…
Read moreGas prices rise as storage withdrawals speed up
(Montel) Most European gas prices rose on Friday as withdrawal levels at gas storage facilities were speeding up…
Read moreEC to explore options to mitigate power price volatility
(Montel) The European Commission plans to explore options to help mitigate power price volatility without distorting the EU’s…
Read moreNordic power January, Q1 rise on cold, spot may soar
(Montel) The Nordic power front month and front quarter rose on Friday in response to some colder…
Read moreItaly’s CO2 emissions set to jump near 5% this year
(Montel) Italy’s carbon emissions looked set to rise 4.8% this year amid an economic recovery and increased mobility…
Read moreChevron halts second Australian Gorgon LNG train
(Montel) Chevron has suspended production from its 5.2m tonne/year (7bcm) Gorgon LNG train 3 production line in…
Read moreNo quick fix for global gas supply crisis – Cedigaz
(Montel) The gas market will see “no quick fix” to undersupply this winter that has driven prices…
Read moreGerman spot power eyes record high next week on low wind
(Montel) German spot power prices on Friday looked set to climb to a record high average next…
Read moreCarbon breaches EUR 80/t as momentum persists
(Montel) European carbon prices have extended a bull run on Friday morning to push through a record…
Read moreRWE warns of winter gas supply issues at two plants
(Montel) German power plant operator RWE has warned of gas supply issues at two of its power plants…
Read moreCrude prices rise in wake of Opec+ move to boost output
(Montel) Crude oil was higher early on Friday in the wake of an Opec+ decision to increase supplies…
Read moreCO2 rises to new highs, coal edges upwards
(Montel) European carbon prices rose to new highs in Thursday trading, of nearly EUR 80/t, while coal…
Read moreGermany, Austria sign gas supply security deal
(Montel) Germany and Austria have signed a deal to ensure gas supply between the two countries in case…
Read moreOpec+ agrees to boost supply by 0.4m bbl/day in Jan
(Montel) Opec and its Russia-led partners agreed on Thursday to increase oil supply in January by 0.4m bbl/day,…
Read moreBerlin appoints second top official for energy policy
(Montel) Germany’s incoming government has appointed Greens parliamentarian Oliver Krischer as the second top official in the…
Read moreItaly joins France, Spain in call for power market reforms
(Montel) Italy has joined France and Spain in calling for power market reforms to reduce the impact of…
Read moreCarbon hits fresh high, eyes EUR 80/t
(Montel) European carbon prices extended their recent streak of gains to hit a record approaching EUR 80/t…
Read moreGlencore coal output to rebound once virus recovery complete
(Montel) Glencore’s coal production will recover in line with a global pandemic recovery following a sharp decline…
Read moreGerman front-week power dives EUR 30 on mild, windy outlook
(Montel) Germany’s front-week power contract dived EUR 30 on Thursday amid forecasts of milder, windier weather.…
Read moreNine EU nations back current power market design
(Montel) Nine EU countries including Germany want to keep the current wholesale power market design despite soaring energy…
Read moreGas prices soften 5% on milder weather
(Montel) European spot and forward gas prices fell back on Thursday in response to forecasts of milder…
Read moreAsia-Pacific coal prices slip with easing China concerns
(Montel) The Pacific basin’s leading coal index fell 4% in the week through until Wednesday, tracking weakness…
Read moreNordic power extends losses amid milder weather outlook
(Montel) Nordic power futures on Thursday were extending losses seen so far this week amid expectations of an…
Read moreIberdrola plans 1 GW H2 plant for green steel in Iberia
(Montel) Spanish utility Iberdrola has agreed to develop a 1,000 MW green hydrogen plant in the Iberian Peninsula…
Read moreGerman spot power to shed 30% amid robust wind
(Montel) German day-ahead power prices looked set to drop almost 30% on Thursday as forecasts suggested higher…
Read moreGerman finance ministry affirms anti-nuclear taxonomy stance
(Montel) Germany will maintain its stance against nuclear power as a sustainable investment in the EU taxonomy, a…
Read moreOil prices rebound as Opec+ weighs Omicron impact
(Montel) Benchmark Brent crude oil prices clawed back from the previous session’s 14-week low early on Thursday as…
Read moreNord Pool price failure caused by cable flow counting error
(Montel) Nord Pool’s erroneous system price calculations for much of November was caused by a system bug that…
Read moreFinland’s Neova to exit peat for energy production next year
(Montel) Finnish state-owned peat giant Neova will halt peat production for energy in Finland from next year, citing…
Read moreGerman wind power output hits new record high 47.1 GW
(Montel) German wind power generation hit a fresh record high of 47.1 GW on Tuesday, TSO data compiled…
Read moreSpain's gas demand soars 27% in November
(Montel) Spanish gas consumption soared by 27.3% year on year in November to 40 TWh amid higher conventional…
Read moreLittle risk of power outages in EU this winter – TSOs
(Montel) There is generally little risk of power outages in the EU this winter, even with high gas…
Read more“Mental” UK power hits multi-year highs
(Montel) UK front-month power prices have hit multi-year highs on Wednesday amid concerns of tight supply and…
Read morePrompt gas prices rebound with supportive weather
(Montel) Prompt European gas prices edged higher on Wednesday morning as cold weather and elevated storage drawdowns…
Read moreNordic power front futures drop on milder weather outlook
(Montel) Nordic power front contracts dropped on Wednesday as weather forecasts indicated milder conditions in the coming two…
Read moreCarbon gains almost EUR 2 to new record above EUR 77/t
(Montel) European carbon prices rose by almost EUR 2 on Wednesday to a record high above EUR 77/t…
Read moreAmazon boosts EU green energy portfolio by 944 MW
(Montel) Amazon has announced 944 MW of new investments wind and solar projects in Finland, Germany, Italy, Spain…
Read moreGerman green plans to increase price volatility – Volue
(Montel) Plans by the incoming German government to expand renewable energy capacity would “significantly increase seasonal power price…
Read moreItaly power prices seen at EUR 70-75 in 2025-2035 – Aurora
(Montel) Italian baseload power prices are set to stabilise around EUR 70-75/MWh in the 2025-2035 period following short-term…
Read moreAcer approves long-term transmission rights rules
(Montel) EU energy regulatory agency Acer has approved harmonised capacity allocation rules for long-term transmission rights intended to…
Read moreNewcastle coal exports slip to 6-month low on disruptions
(Montel) Combined exports from two key terminals at Australia’s main coal export hub of Newcastle fell to…
Read moreGerman spot power to double to exceed EUR 200 as wind drops
(Montel) German day-ahead power prices looked set to more than double, surging to in excess of EUR…
Read moreOil prices rise ahead of key Opec meetings
(Montel) Oil prices rose around 3% early on Wednesday ahead of key meetings of Opec and its Russia-led…
Read moreRenewable energy growth must double for net zero goals – IEA
(Montel) The world looks set to add a record level of renewable energy capacity in 2021, although the…
Read moreUK ETS authority to unveil intervention decision by 14 Dec
(Montel) The UK ETS authority will decide in the coming two weeks if and how it will intervene…
Read moreSpain industry eyes output cuts if gas hits EUR 100 – Mibgas
(Montel) Industrial production in Spain could face cuts if gas prices hit EUR 100/MWh, exchange Mibgas told Montel…
Read moreDutch Onyx to receive EUR 212m to close 731 MW coal plant
(Montel) The Dutch government will pay up to EUR 212.5m in compensation to the Onyx Power for an…
Read moreCO2 jumps EUR 1 on cold outlook, bullish gas
(Montel) European carbon prices rose by more than EUR 1 on Tuesday, as cold weather forecasts and a…
Read moreEC set to clarify nuclear, gas green status next week
(Montel) The European Commission is preparing to settle whether nuclear and natural gas are “green” investments in an…
Read moreRussia’s healthy 2021 coal output may start to slow
(Montel) Russian hard coal production grew nearly 10% in January-October, with producers emboldened by high export prices,…
Read moreEC to propose hydrogen additionality rules “soon”
(Montel) The European Commission plans to propose detailed technical “additionality” rules for using renewable power to produce green…
Read moreFrance may have to delay reactor closures – IEA
(Montel) France may need to delay the planned closure of 12 of its 56 nuclear power reactors by…
Read moreFrench gas stocks sufficient for “very cold winter” – TSO
(Montel) France will have enough gas to meet demand this winter even if it is very cold,…
Read moreMajority of Spanish industrial power for 2022 unhedged
(Montel) Most Spanish industrials have not hedged their power demand for 2022, meaning they face greater risk amid…
Read moreGerman front-month power jumps EUR 30 on cold
(Montel) Germany’s front-month power contract jumped EUR 33 intraday on Tuesday on the back of forecasts predicting…
Read moreRed tape blocks renewables construction – Spain lobby
(Montel) Renewables developers face an “unbridgeable hurdle” as red tape blocks construction in countries such as Spain and…
Read moreJanuary gas rises as forecasts turn colder
(Montel) The European gas front month gained on Tuesday, as forecasters warned of colder weather lasting longer than…
Read moreFrance, Germany plan deal on adding nuclear to EC green list
(Montel) France will strike a deal in the “following days” with Germany over its bid to get nuclear…
Read moreDark spreads soar amid plunging coal prices
(Montel) European coal-fired plant profit margins – or clean dark spreads – have surged to well over…
Read moreUK’s Glennmont buys 99 MW Spanish wind portfolio
(Montel) Glennmont Partners has bought a 99 MW wind portfolio in Spain from Saudi Arabian firm Alfanar, the…
Read moreSkarta plans 100 MW solar farm in Finland
(Montel) Skarta Energy has plans to build a 100 MW solar farm in north-western Finland at a cost…
Read moreGoogle signs 50 MW PPA with Orsted for German offshore wind
(Montel) Danish energy company Orsted has signed a 12-year power purchase agreement (PPA) with Google for the IT…
Read moreGerman front-week power jumps more than EUR 60
(Montel) Germany’s front-week power contract jumped more than EUR 60 early on Tuesday, as forecasts showed cold weather…
Read moreUK could reduce gas demand 50% by 2031 – TSO
(Montel) UK gas demand could potentially decline by 50% over the coming decade if clean energy-transition technologies…
Read morePrice error erodes trust in Nordic power market – Nasdaq
(Montel) Erroneous system price calculations by the Nord Pool exchange have eroded trust in the Nordic financial power…
Read moreGerman spot power eyes 3-week low amid robust wind output
(Montel) German day-ahead power prices looked set to drop almost EUR 21 on Tuesday as forecasts pointed to…
Read moreOil prices fall as Omicron continues to spook market
(Montel) Oil prices were falling on Tuesday – after a 10% dive on Friday – as fears over…
Read moreEU industry must cut 173m t CO2 by 2030 – BNEF
(Montel) The EU will need industry covered by the ETS to cut its greenhouse gas emissions by 173m…
Read moreCoal bucks trend of high fuels amid China woes
(Montel) European coal bucked the trend of firmer energy markets on Monday, including carbon, gas and power, due…
Read moreItaly gas stocks healthier than other Europe nations – Snam
(Montel) Italy has healthier gas inventories than other European countries and should have no difficulty meeting domestic winter…
Read moreSappi Finland to phase out 800 GWh coal use
(Montel) South African paper and pulp group Sappi will phase out coal at its Kirkniemi mill in Finland…
Read moreGerman Cal 22 power rises to 7-week high with gas, carbon
(Montel) German power prices rose on Monday amid a cooler weather outlook which also boosted gas and carbon…
Read moreEU’s Q2 emissions remain below pre-pandemic levels
(Montel) EU greenhouse gas emissions remained below pre-pandemic levels in the second quarter of this year, the EU’s…
Read moreCoal barge constraints to Germany show signs of easing
(Montel) Rising river levels could see ongoing constraints on coal barge traffic earmarked for German power plants…
Read moreGazprom plans no gas auction sales to Europe this week
(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…
Read moreSpanish solar projects face 1-year delays – industry
(Montel) Solar developers in Spain are faced with project delays of up to a year as increased material…
Read moreItalian TSO to invest EUR 23bn in green transition to 2030
(Montel) Italian gas TSO Snam is planning to invest EUR 23bn to 2030 to enable the country’s green…
Read moreNordic price error hits EUR 47m worth of trades – Shepherd
(Montel) Nord Pool’s failure to calculate the correct Nordic system price since 9 November has affected financial market…
Read moreGas prices rise more than EUR 8 on cold, expiry
(Montel) European gas prices rose by more than EUR 7 on Monday morning as cold temperatures boosted demand…
Read moreSpanish spot power to trade steady, futures rise
(Montel) Spanish power spot prices looked set to trade largely sideways this week, although futures gained on Monday…
Read moreFrench solar sector files appeal against subsidy cut
(Montel) France's solar sector has filed an appeal with the council of state in a bid to annul…
Read moreEngie, BASF sign 25-year, 20 TWh Spanish PPA
(Montel) Engie has signed a 25-year power purchase agreement (PPA) with German chemicals group BASF for 20.7 TWh…
Read moreLNG imports slump 70% to 0.7bcm
(Montel) Seaborne LNG deliveries to key European destinations slumped more than 70% last week to 0.7bcm, with…
Read moreNordic December power jumps EUR 30 on record spot
(Montel) Nordic power futures jumped sharply on Monday morning, with the December contract and Q1 hitting new highs…
Read moreCarbon rallies 3% to new peak on colder weather
(Montel) European carbon prices have rallied more than 3% to a new record high early on Monday on…
Read moreItaly TSO buys 49.9% stake in Algerian pipelines from Eni
(Montel) Italy’s gas TSO Snam has agreed to buy a 49.9% stake in pipelines carrying Algerian gas into…
Read moreVerbund acquires first Spanish solar project (150 MW)
(Montel) Austrian utility Verbund has acquired a 150 MW solar park in Spain from German renewables developer Baywa…
Read moreOil claws back losses after Omicron fears sparked sell-off
(Montel) Oil was rebounding on Monday after the new Omicron variant of Covid-19 spooked markets on Friday, with…
Read moreUK energy system is “broken” – Nippon Electric Glass
(Montel) The UK energy system is “broken” with high power prices and government plans to decarbonise creating an…
Read moreNordic spot hits new highs despite erroneous settlements
(Montel) Nordic spot power for Monday settled at a record high EUR 246.86/MWh after a weekend in which…
Read moreNord Pool sets incorrect system price since 9 November
(Montel) Power exchange Nord Pool has made errors in the calculation of the Nordic day-ahead power price, the…
Read moreEnergy complex dives on African variant
(Montel) European energy prices slid across the board on Friday dragged down by reports of a new Covid…
Read moreVattenfall stops market making for Swedish, Finnish Epads
(Montel) Swedish utility Vattenfall will no longer act as a market maker for price differential contracts (Epads) in…
Read moreGerman Cal 22 power slips with fuels, CO2, Covid fears
(Montel) German front-year power shed up to 4% on Friday amid a combination of softer prices for gas,…
Read moreNordic spot power hits fresh record at EUR 228
(Montel) The benchmark Nordic system price hit a record for the second day running on Friday, settling at…
Read moreGerman renewables expansion to lower power prices – Aurora
(Montel) The incoming German government’s plans to radically expand renewable energy were likely to depress wholesale power…
Read moreGerman weather to stay mild, windy throughout December
(Montel) German weather should stay mild throughout December after a cold and rainy period early next week, with…
Read moreGas prices retreat amid coronavirus variant worries
(Montel) European gas futures fell in line with other energy commodities on Friday as news of a…
Read moreCarbon sinks EUR 4 with volatility set to persist
(Montel) European carbon prices sank almost EUR 4 on Friday – having hit consistent record highs this week…
Read moreGerman spot power to drop next week as wind strengthens
(Montel) German spot power prices on Friday looked set to fall from current highs next week amid…
Read moreNordic power slides EUR 6 as coronavirus concerns weigh
(Montel) Nordic power futures slid up to almost EUR 6 on Friday amid plunging prices across Europe and…
Read moreForesight plans 800 MW Spanish solar by 2023
(Montel) Foresight plans to double its solar capacity in Spain to 800 MW over the next two years,…
Read moreCarbon slides to 2-day low amid fresh Covid fears
(Montel) European carbon prices shed almost EUR 4, dropping to a two-day low on Friday amid concerns around…
Read moreEnea's power output rises 16% in January-September
(Montel) Polish state-run utility Enea generated 19.5 TWh of power in January-September, 2.7 TWh more than a year…
Read moreCrude prices fall on concerns about oversupply, pandemic
(Montel) Crude oil prices were down more than 2% early on Friday on concerns about oversupply ahead…
Read moreEU power prices could spiral 30% in cold winter – Volue
(Montel) German and French power prices could spiral around 30%, or EUR 79 and EUR 96, respectively, from…
Read moreSurging CO2 hits new record high
(Montel) European carbon prices hit a new record high above EUR 74/t on Thursday afternoon underpinned by overall…
Read morePortugal exits coal as Spanish plants persist
(Montel) Portugal will officially exit coal generation next Tuesday with the closure of Pego (628 MW), the country’s…
Read moreItalian GO prices rise in Nov, trading volumes halve
(Montel) Prices for Italian guarantees of origin (GO) climbed month on month in November, though trading volumes more…
Read moreGerman H2 demand will surge to 500 TWh by 2050 – TSOs
(Montel) Germany's hydrogen demand is expected to soar seven-fold from 72 TWh in 2030 to 504 TWh…
Read moreCarbon extends rally to new heights above EUR 74/t
(Montel) European carbon prices set a new peak above EUR 74/t on Thursday amid a mix of speculative…
Read moreSpain to install 3 GW of new solar this year – lobby
(Montel) Spain was set to install more than 3 GW of unsubsidised solar capacity by the end of…
Read moreGerman energy plans hinge on CO2 pricing
(Montel) The incoming German government’s plans to introduce a carbon price floor underscored its intention to use…
Read moreUkraine seeks coal amid halt to Russian exports
(Montel) Russia has unofficially halted exports of thermal coal to Ukraine, leaving the country’s energy firms scrambling…
Read moreBulb hedging strategy to remain unchanged – experts
(Montel) Bulb’s hedging strategy is likely to remain unchanged after the UK energy provider entered into a special…
Read moreGas prices rise on Nord Stream 2, cold weather fears
(Montel) European gas prices rose on Thursday amid fears of a significant delay in Nord Stream 2 pipeline…
Read moreRooftop solar demand jumps on Europe’s energy crisis
(Montel) Europe’s energy price crisis has seen a boost in demand for rooftop solar projects, with capacity set…
Read moreOX2 plans 5 GW offshore wind in Baltic Sea by 2030
(Montel) Swedish wind developer OX2 and Finnish fund manager Alandsbanken Fondbolag plan to build a 5 GW wind…
Read moreEndesa boosts 2022 power price forecast to EUR 83
(Montel) Spanish utility Endesa expected spot power prices to average EUR 83/MWh in 2022 compared with the EUR…
Read moreRussian coal mine fire may impact 0.4m tonnes/month exports
(Montel) A fire at a Russian coal mine could impact 0.4m tonnes/month of coal supply to the…
Read moreNordic spot power prices set to jump amid cold spell
(Montel) Nordic spot power prices were set to jump amid a cold spell forecast to start this weekend,…
Read moreUK CO2 cost curbs to be triggered but uncertainty remains
(Montel) The UK’s cost containment mechanism (CCM) for its fledgling carbon market – UK ETS – looks certain…
Read moreEndesa raises 2030 renewables target by 33%
(Montel) Endesa has raised its renewables capacity target by 33% to 24 GW in Iberia by the end…
Read moreNS2 flows unlikely to start before Sept – Energy Aspects
(Montel) The contested Russia-Germany Nord Stream 2 gas pipeline is unlikely to start commercial flows before September next…
Read moreDraw to decide developer of 1 GW Danish wind farm
(Montel) Denmark’s energy agency will conduct a draw on 1 December to decide the winner of a recent…
Read moreOil drifts sideways as market awaits Opec’s next move
(Montel) Oil futures traded little changed early on Thursday as market participants awaited how Opec and its Russia-led…
Read moreGerman spot power eyes EUR 30 drop on rising wind output
(Montel) German day-ahead power looked set to shed over EUR 30 on Thursday as forecasts pointed to…
Read morePortugal to auction 263 MW of floating solar in reservoirs
(Montel) Portugal will launch an auction on Friday for 263 MW of floating solar capacity in some…
Read morePGNiG’s wholesale gas sales rise 19% in Jan-Sept
(Montel) Polish gas monopoly PGNiG sold 7.8bcm of natural gas to the wholesale market on the TGE bourse…
Read moreSpanish gas demand to jump on colder weather – TSO
(Montel) Low temperatures forecast in the days ahead would see an "extraordinary increase" in Spanish gas demand with…
Read moreEPR power 3 times as costly as renewables – Greenpeace
(Montel) Power from the under-construction European pressurised reactor (EPR) at Flamanville in France would be three times as…
Read moreCoal extends 1-month high, new CO2 record
(Montel) European coal prices extended four-week highs in Wednesday trading on a lack of spot cargoes, buoyant…
Read moreGermany mulls capacity mechanism amid fast green transition
(Montel) The incoming German coalition government is mulling the implementation of a capacity mechanism to provide back-up power…
Read moreCarbon tops EUR 73/t on German ETS price floor plan
(Montel) European carbon prices rose to a fresh record high on Wednesday above EUR 73/t on proposals by…
Read moreGermany aims for ETS price floor of EUR 60/t
(Montel) The incoming German government wants to push for a carbon price floor of EUR 60/t for the…
Read moreGerman coalition seeks 2030 coal, 2045 gas exits
(Montel) An incoming German government will seek to bring forward the country’s coal exit to 2030 and eliminate…
Read moreGerman power front year gains with gas, coal
(Montel) The German power benchmark front-year contract gained on the back of higher gas and coal prices…
Read moreGrowing risk appetite may boost PPA market – Axpo
(Montel) A shifting attitude to risk, which is seeing providers of power purchase agreements (PPAs) ready to take…
Read moreIlmatar plans 500 MW wind power in Finland
(Montel) Finnish renewables developer Ilmatar is planning to build two onshore wind farms with combined capacity of 350-500…
Read moreEnel plans to exit gas generation by 2040 to meet net zero
(Montel) Italian utility Enel plans to exit gas-fired generation by 2040, replacing its thermal fleet with new renewables…
Read moreFrench spot power nudges year high on cold weather outlook
(Montel) French day-ahead power prices touched a one-year high on Wednesday and could climb further early next…
Read moreGas front-month futures flatten on steady supply
(Montel) After jumping more than EUR 5 in the prior session, front-month European gas contracts traded flat on…
Read moreRWE boosts Italy onshore wind to 456 MW after auction
(Montel) German utility RWE has boosted its Italian onshore wind generation capacity to 456 MW after it was…
Read moreAaland islands seek 4 GW of offshore wind by 2030
(Montel) The Aaland islands in the Baltic Sea hope to develop 4 GW of offshore wind power by…
Read moreEurope, west Mediterranean LNG imports jump 6% in November
(Montel) European and west Mediterranean LNG imports have risen 5.6% in November from the same period last…
Read moreNordic power futures rise amid extended cold outlook
(Montel) Nordic power futures rose on Wednesday as forecasts showed an extended period of colder and drier weather…
Read moreCold to drive power demand 8% above normal – analyst
(Montel) A current cold spell should drive European power demand until the end of November, with some countries…
Read moreGerman spot power to ease with more wind
(Montel) German day-ahead power prices looked set to retreat from a seven-week high on Wednesday as forecasters…
Read moreOil extends gains after US announces release of reserves
(Montel) Oil futures extended the previous day’s gains early on Wednesday, a day after the US announced it…
Read moreItaly TSO to hold new capacity auction on 21 February
(Montel) Italian TSO Terna will hold a new capacity market auction on 21 February at 10:00 CET for…
Read moreFinnish TSO pursues 100% transmission capacity for market
(Montel) EU rules requiring TSOs to allocate at least 70% of all cross-border transmission capacity to the market…
Read moreCarbon flat on profit-taking, technicals
(Montel) European carbon prices traded largely sideways on Tuesday, correcting from Monday’s new record above EUR 71/t…
Read moreNo sign of ice disruptions for Baltic Sea coal exporters
(Montel) Russian coal exporters to Europe are unlikely to face any significant ice-related disruptions to shipping in…
Read morePolish spot power hits record high above EUR 158/MWh
(Montel) Polish day-ahead prices for baseload power settled at a record high of PLN 747.49/MWh (EUR 158.70/MWh) at…
Read moreGerman Cal rises with gas, peak spot hits 15-year high
(Montel) German power for delivery next year rose on Tuesday, driven by higher gas prices amid a cooler…
Read morePoland's power exports surge by 5.5 TWh in Jan-Oct
(Montel) Poland's power exports surged 5.5 TWh year on year to 6.8 TWh in January-October, data from TSO…
Read moreEuropean coal jumps 6% to 1-month high
(Montel) European coal prices for delivery next quarter jumped more than 6% to a four-week high on…
Read moreNordic Dec power drops on milder weather, Norway export curb
(Montel) The Nordic front-month power contract fell back on Tuesday amid forecasts of milder weather in December…
Read moreNorway TSO slashes export capacity to Sweden in tit for tat
(Montel) Norwegian TSO Statnett will slash available export capacity from Norway’s NO1 bidding zone to Sweden’s SE3 area…
Read moreUtility, aggregated PPAs may lure small firms – experts
(Montel) Utility and aggregated power purchase agreements (PPA) could become the likely ways to lure small and medium…
Read moreLa Nina forms in Pacific, may bring cold to Europe
(Montel) A La Nina weather event, associated with long periods of colder weather in major energy-demand areas…
Read moreNo alternatives to curbing power exports – Swedish TSO
(Montel) Swedish TSO Svenska Kraftnat said occasional cuts in transmission capacity to neighbouring counties would still be necessary…
Read moreUS extends Nord Stream 2 sanctions to Russian vessel
(Montel) The US has extended its sanctions against Russia’s Nord Stream 2 gas pipeline project to a…
Read moreGerman spot power set to jump 16% as wind output drops
(Montel) German day-ahead power prices looked set to rise by around EUR 38 on Tuesday as forecasts indicated…
Read moreNasdaq urges fewer Nordic bidding zones to boost liquidity
(Montel) The Nasdaq Commodities exchange has urged a reduction of the number of bidding zones in the region…
Read moreGermany, Australia to develop hydrogen export plan
(Montel) Germany and Australia have entered a partnership to help develop the latter’s clean hydrogen export industry,…
Read moreOil prices fall amid US-led pact to release reserves
(Montel) Oil prices were falling on Tuesday amid a US-led plan to release crude from its strategic reserve…
Read moreCongestion hampers Europe’s coal vessel arrivals
(Montel) Congestion at Europe’s main coal import hub of Rotterdam remains substantial amid favourable generation margins, driving…
Read moreGerman court rules against balancing market price cap
(Montel) A court has ordered Germany’s energy regulator BNA and TSOs to suspend a EUR 9,999.99/MWh price…
Read moreNord Stream 2 may face delay until next autumn – think tank
(Montel) A suspension of German regulator BNA’s certification process for the contested Russia-Germany Nord Stream 2 gas…
Read moreCarbon hits new high on strong sentiment
(Montel) European carbon prices extended last week’s gains to climb to a record above EUR 71/t on…
Read moreGerman December power falls with gas, milder weather
(Montel) The German power front-month contract lost up to EUR 11.50 on Monday amid easing gas prices…
Read moreUK spot power price tops GBP 1,000 on wind dearth, cold
(Montel) UK day-ahead power prices more than doubled on Monday to exceed GBP 1,000 as already subdued wind…
Read moreSpanish spot power prices to rise on higher demand
(Montel) Spanish day-ahead power prices could rise this week on stronger demand and lower renewables supply.…
Read moreGazprom plans no gas auction sales to Europe this week
(Montel) Gazprom will not sell gas to European customers via its auction platform (ESP) this week, it said…
Read moreGas prices dive 5% on Covid measures, milder weather
(Montel) European spot and forward gas prices continued to drop on Monday in response to fears of…
Read moreOX2 plans 4.8 GW offshore wind power in Finland
(Montel) Swedish wind power developer OX2 has plans to develop two offshore wind farms off Finland’s western coast…
Read moreEurope flow-based coupling expansion delayed to Q2
(Montel) TSOs and power exchanges in 13 European countries have delayed the expansion of flow-based power market…
Read moreNordic Q1 power hits 2-month high on cold weather outlook
Nordic power for delivery next quarter rose to a fresh two-month high on Monday amid a colder…
Read moreCarbon breaches EUR 70/t as rally extends
(Montel) European carbon prices breached EUR 70/t for the first time on Monday as the market extended…
Read moreUK to invest GBP 9.4m in Scottish hydrogen project
(Montel) The UK will invest GBP 9.4m to build the country’s largest electrolyser to produce hydrogen at Scottish…
Read moreGerman spot power eyes 1-week high on stronger demand
(Montel) German day-ahead power prices looked set to rise to their highest levels in a week on…
Read moreCrude tumbles to 7-week lows on lockdown concerns
(Montel) Crude oil prices hit a seven-week low on Monday as concerns abounded regarding demand destruction with Europe…
Read moreSteelmaker cancels German switch after French price pledge
(Montel) German steelmaker Saarstahl has cancelled plans to transfer 40% of production at its Ascoval plant in…
Read moreGas, CO2 prices fall on technical correction
(Montel) European carbon and gas prices were falling on Friday in a technical correction, following a week of…
Read moreNordic regulators urge Sweden to boost cross-border capacity
(Montel) Energy regulators from Denmark, Finland and Norway have urged Sweden to increase cross-border capacity to help level…
Read moreGerman Cal 22 power drops on lower gas, lockdown worries
(Montel) Germany’s benchmark power contract lost EUR 6 on Friday amid falling gas prices and intensifying worries regarding…
Read moreGas prices slide EUR 4 on more LNG, Covid fears
(Montel) European gas prices slid up to EUR 4 on Friday amid a technical correction and pressured by…
Read more12 EDF reactors will be under 10-year inspections in 2022
(Montel) EDF will shut down seven of its 56 nuclear reactors in France next year for 10-year…
Read moreGerman industrials face barriers to offshore wind investment
(Montel) Despite concerns around skyrocketing power prices among German energy-intensive firms most exposed, attempts to mitigate that…
Read moreEUAs brace for EUR 70/t, eye EUR 80/t by year end
(Montel) European carbon prices are bracing for an imminent surge to EUR 70/t after emission allowances set a…
Read moreFinland to use EUR 60m coal phase-out funds for renewables
(Montel) Finland’s economy ministry will redirect EUR 59.45m reserved for coal decommissioning projects to renewable energy investments.…
Read moreNordic power futures fall amid milder outlook
(Montel) Nordic power futures fell amid a milder weather outlook on Friday, though strong fuels and carbon prices…
Read moreCO2 values would enhance GO market transparency – experts
(Montel) European guarantees of origin (GOs) would benefit from the addition of CO2 values by boosting market transparency,…
Read moreFrench court casts doubt on new EPR deadlines, costs
(Montel) France’s Court of Auditors has expressed doubts about the country's ability to build new European pressurised reactors…
Read moreGerman spot power set to climb as wind, temperatures drop
(Montel) German spot power prices on Friday looked set to shoot higher next week with less wind…
Read moreCrude prices rise on concerns about possible reserve release
(Montel) Crude oil was higher early on Friday on concerns about the potential impact of the US, the…
Read moreFormer Eon head Teyssen to join Swiss Alpiq
(Montel) Former Eon CEO Johannes Teyssen will join Swiss utility Alpiq to lead the board of directors from…
Read moreEsma preliminary carbon market report finds no abuse
(Montel) The EU’s financial watchdog has found no evidence of market abuse in Europe’s carbon market, while…
Read moreCoal edges higher, CO2 hits new high
(Montel) European coal prices edged higher on Thursday amid persistent generation demand, continued constraints to prompt supply…
Read moreOutages set to cut French winter nuclear capacity by 4.1 GW
(Montel) EDF faces the loss of an additional 4.1 GW of French nuclear capacity this winter, with outages…
Read moreGerman power front week falls more than EUR 10 with gas
(Montel) The front week and front month contracts lost more than EUR 10 on Thursday, as the…
Read moreChina “muddies” LNG waters as ships turn off tracking
(Montel) As many as 30 LNG vessels have turned off their vessel-tracking beacons, potentially skewing near-term supply-demand…
Read moreSpain set to “relax” energy market interventions – lobby
(Montel) The Spanish government was likely to “relax” its energy intervention push, after passing several controversial measures, Marina…
Read moreGas prices slide in improved flows, lower demand
(Montel) European gas prices traded lower on Thursday morning amid increased pipeline flows from Norway, rising wind power…
Read moreHydropower GOs rise on Norway exit fears
(Montel) Prices for European hydropower guarantees of origin (GOs) rose during the week to Thursday amid concerns over…
Read moreRussia must boost gas exports to Europe by 15% – IEA
(Montel) Russia must increase its gas supply to Europe by 15% to drive down soaring prices in…
Read moreAsia-Pacific coal prices ease as China winter risk wanes
(Montel) The Pacific basin’s leading coal index has fallen 9% week on week amid a continued build-up of…
Read moreNordic power drops on milder outlook, lower German prices
(Montel) Nordic power futures were trading markedly down on Thursday amid a milder weather outlook and falling German…
Read moreAxpo expects no Beznau outages due to lifetime extensions
(Montel) A planned revamp of the Swiss utility Axpo’s two Beznau reactors (365 MW each) to allow lifetime…
Read moreNorway needs more power supply – Statnett chair
(Montel) Norway needs more power generation to meet a strong growth in demand over the next decades, the…
Read moreGerman spot power to drop on more wind, less demand
(Montel) German day-ahead power looked set to fall around 12% on Thursday as forecasts indicated more wind output…
Read moreOil prices extend 6-week low amid inflation worries
(Montel) Benchmark crude oil prices slumped to fresh six-week lows early on Thursday, as the US – the…
Read moreAukera to develop 2.7 GW of green projects in Europe in 2022
(Montel) Development platform Aukera Energy is planning to realise 2.7 GW of new renewable projects – including storage…
Read moreEsma again postpones carbon market report
(Montel) The EU’s financial watchdog has postponed the release of a report examining trading behaviour in the…
Read moreItaly gas lobby calls for release of strategic gas reserves
(Montel) Italy should release part of the country’s 4.6bcm strategic gas reserves to industrial companies at half…
Read moreEuropean PPA prices drop 6% in October, led by UK – Pexapark
(Montel) European power purchase agreement (PPA) prices fell 5.6% on the month to EUR 53.90/MWh in October amid…
Read moreCO2 eyes EUR 70 after hitting fresh record
(Montel) European carbon prices rose to a fresh record on Wednesday above EUR 68/t, driven mainly by a…
Read moreGerman gas import prices more than double in September
(Montel) The prices of German gas imports grew 127.3% year on year in September to average EUR…
Read moreCarbon breaches EUR 68/t to hit fresh record high
(Montel) European carbon prices rose above EUR 68/t on Wednesday in a fresh all-time high driven by buoyant…
Read moreGerman Q1 power jumps 10% amid gas price rally
(Montel) Germany’s Q1 power contract rose 10% on Wednesday, as gas prices jumped to their highest in a…
Read moreSoaring coal demand pressures logistics infrastructure
(Montel) Soaring coal demand in western Europe is putting pressure on the region’s logistics infrastructure, with vessel…
Read moreGas prices jump to 1-month high on possible NS2 delay
(Montel) European gas prices jumped more than EUR 11 to their highest in a month on Wednesday…
Read moreEurope’s coal imports may rise 27% to near 2-year high
(Montel) Northwest European imports of thermal coal could rise 27% on the year this month to a…
Read moreNordic Q1 power jumps 6% on high gas, German power
(Montel) Nordic power for Q1 soared EUR 4.55, or 6%, to a fresh six-week high of EUR 79.25/MWh…
Read moreGerman TSOs expect sufficient winter gas supply
(Montel) Germany’s gas TSOs expect sufficient winter gas supply despite continuing high prices, they said on Wednesday.…
Read moreMacron announces “massive” EUR 2bn boost to H2 production
(Montel) French president Emmanuel Macron has announced EUR 1.9bn to boost green hydrogen production, in addition to its…
Read moreGerman spot power to drop as renewables output soars
(Montel) German day-ahead power prices looked set to plunge on Wednesday as wind and solar generation were…
Read moreSpain targets 9 GW of rooftop solar by 2030 – ministry
(Montel) Spain looks set to install at least 9 GW of rooftop solar capacity by 2030, under a…
Read moreSuspended NS2 certification supports gas rally
(Montel) European gas prices surged to a three-week high on Tuesday after German regulators suspended a certification…
Read moreNS2 suspension will prolong decision deadline – BNA
(Montel) The decision over the certification of Nord Stream 2 faces a new deadline following the suspension…
Read moreGerman Cal 22 power hits near 4-week high on strong gas
(Montel) German power for delivery in 2022 rose near a four-week high on Tuesday on strong gas prices…
Read moreGas prices spike to 3-week highs on Nord Stream 2
(Montel) European gas prices spiked more than 10% in early Tuesday trading to three-week highs, with lingering…
Read moreNordic Q1 power hits near 6-week high on colder weather
(Montel) Nordic power futures rose on Tuesday, with both the Q1 and December contracts hitting near a six-week…
Read moreBNA temporarily suspends Nord Stream 2 certification
(Montel) Germany’s BNA network regulator has temporarily suspended the certification process for the contested Russian-German gas pipeline Nord…
Read moreNo obvious manipulation behind high energy prices – Acer
(Montel) There is currently no obvious evidence that manipulative behaviour in wholesale energy markets has driven up prices,…
Read moreCarbon hits new record high on gas, weather, technicals
(Montel) European carbon prices reached a new high early Tuesday for the second session in a row, surging…
Read moreGerman spot power to set to plunge 31% on wind surge
(Montel) German day-ahead power prices looked set to plummet around EUR 73, or 31%, on Tuesday, as forecasts…
Read moreOil rises as Saudi Arabia stokes supply concerns
(Montel) Oil prices were rising on Tuesday as Saudi Arabia stoked supply concerns by saying it would not…
Read moreBoris Johnson signals tougher UK line on Nord Stream 2
(Montel) Boris Johnson signalled a tougher line on the Nord Stream 2 pipeline, saying the EU must choose…
Read moreCarbon tops EUR 65/t on gas gains, technicals
(Montel) European carbon prices rose above EUR 65, the highest level in five weeks, on strong buying, gas…
Read moreNGOs press Germany to block nuclear, gas green status
(Montel) More than 100 NGOs from across Europe have urged Germany to ensure nuclear and natural gas-fired power…
Read moreGerman front-year power rises amid gas fears, cold
(Montel) Germany’s front-year power contract shot up more than EUR 5 on Monday, as gas prices jumped amid…
Read moreGas prices rise as Gazprom fails to secure more capacity
(Montel) European prompt gas prices were rising on Monday, as Russia’s Gazprom <a href="https://app.montelnews.com/News/Story.aspx?id=1272555">failed to</a> book additional transit…
Read moreRWE raises annual green capacity growth target to 2.5 GW
(Montel) RWE plans to increase the company’s global green capacity growth by 1 GW to a total of…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has again failed to book additional gas transit capacity to European destinations via Ukraine…
Read moreCoal market softens amid bearish Asian signals
(Montel) European coal prices broadly softened in early Monday trading, as bearish signals from Asia filtered through…
Read moreNordic front-week power jumps EUR 13 on cold outlook
(Montel) Nordic front power contracts jumped by up to EUR 13 on Monday amid colder weather forecasts.…
Read moreGerman spot eyes 5-week high on low wind output
(Montel) German day-ahead power prices looked set to rise around EUR 10 on Monday, as wind output should…
Read moreOil falls as concerns persist about tapping US reserves
(Montel) Oil prices were falling on Monday as concerns persisted about a potential plan by the US to…
Read moreUK spot soars to 2-month high of GBP 307.70/MWh
(Montel) The spot power price on the UK’s N2EX exchange soared to a two-month high of GBP 307.70/MWh…
Read moreJohnson “tinged with disappointment” over diluted COP26 deal
(Montel) UK prime minister Boris Johnson said he was “tinged with disappointment” late on Sunday after the COP26…
Read moreGas rises on weak flows, Belarusian threat
(Montel) European gas prices strengthened on Friday amid a drop in Norwegian flows and a threat from Belarus…
Read moreItalian power system faces inadequacy risk by 2025 – TSO
(Montel) Italian TSO Terna said on Friday that the country’s power system faced risks of “inadequacy” by 2025…
Read moreGerman front-year power gains on strong gas prices
(Montel) German power for delivery next year traded higher on Friday driven by a strong opening on the…
Read moreCarbon technical trading supports limited breakout
(Montel) Carbon was breaking out of a recent range following the collapse of technical resistance, but the…
Read moreGas prices rise on lower Norwegian flows
(Montel) European gas prices rose on the back of a drop in Norwegian gas flows on Friday,…
Read moreENBW hedges slightly more forward power
(Montel) German utility ENBW has locked in slightly more sales on its power production for two years in…
Read moreNordic power curve rises amid drier, colder outlook
(Montel) Nordic power contracts were trading higher on Friday amid a colder and drier weather outlook and rising…
Read moreENBW earnings fall 4% on write-downs, poor wind
(Montel) ENBW’s earnings fell just over 4% to EUR 2bn in the first nine months of the…
Read moreGerman spot power to fall on rising wind
(Montel) German spot power prices on Friday looked set to inch lower next week as wind production…
Read moreFortum hedges 65% of 2022 Nordic output at EUR 32/MWh
(Montel) Finnish utility Fortum had hedged 65% of its expected power production for 2022 at an average price…
Read moreOil prices fall as market watches possible US supply moves
(Montel) Crude oil was lower early on Friday as market participants kept an eye on possible moves…
Read moreCoal demand to underpin freight until mid-2022 – shipbroker
(Montel) Strong coal demand will likely remain a key driver for global dry freight rates until at least…
Read moreRussian gas flows remain flat, Mallnow arrivals soften
(Montel) Russian gas exports to north-western Europe along three main conduits appeared roughly in line with the…
Read moreGerman power contracts rise in wake of Belarusian threat
(Montel) Contracts along the German power curve traded higher on Thursday, as the effect of continuing Russian gas…
Read moreNordic Dec power hits 2-week high on stronger gas prices
(Montel) Nordic power prices rose on Thursday, with the December contract hitting a two-week high of EUR 67/MWh…
Read moreGas prices drop amid higher Russian flows
(Montel) European gas prices dropped on Thursday as Russia continued to send gas to Germany, though lower temperatures,…
Read moreGO prices strengthen on increased demand
(Montel) Prices for European guarantees of origin (GOs) increased during the week to Thursday on higher demand. …
Read moreOrsted agrees “longest” 25-year wind PPA with BASF
(Montel) Danish energy firm Orsted has signed a 25-year fixed-price corporate power purchase agreement (PPA) – the world’s…
Read moreAsia-Pacific coal prices rise 10% amid supply tightness
(Montel) Pacific-basin benchmark coal prices rose 10% over the past week amid still-tight supply ahead of winter,…
Read moreEngie hedges 73% of 2022 power output at EUR 54/MWh
(Montel) French utility Engie had hedged 73% of its nuclear and hydropower generation for next year in Belgium…
Read moreGerman spot power to tumble 12% as wind output rises
(Montel) German day-ahead power prices looked set to fall 12% on Thursday as forecasts pointed to windier…
Read moreRWE trading division earnings soar 50%
(Montel) RWE’s supply and trading division posted a 53% jump on an already-strong prior result to earn…
Read moreEDF to be back-up for customers of bankrupt power suppliers
(Montel) French utility EDF will be the emergency supplier to any power customer whose supplier goes bankrupt amid…
Read moreGas drops on increased Russia flows
(Montel) European prompt gas contracts fell by more than EUR 5 on Wednesday, as increased pipeline flows from…
Read moreGerman front-month power hits 6-week low with more gas flows
(Montel) Near-term German power contracts fell up to 8% on Wednesday, as pressure on gas prices increased with…
Read moreStatnett admits charger process too slow amid Tesla critique
(Montel) Norwegian TSO Statnett has acknowledged it takes too long to process applications for new electric vehicle charging…
Read moreNordic power futures fall on milder weather, strong wind
(Montel) The Nordic front-month and front-quarter power contracts softened on Wednesday amid milder weather and strong wind…
Read moreGas prices soften amid increased Russian supply
(Montel) European gas prices softened further in early Wednesday trading, as increased flows from Russia raised market…
Read moreEDP targets 1.5 GW of green H2 by 2030
(Montel) Portuguese utility EDP is targeting 1.5 GW of green hydrogen capacity by 2030, it said late on…
Read moreEDF’s revenue from trading jumps 63% in Jan-Sept
(Montel) EDF’s trading arm saw its nine-month revenue jump 63% year on year to EUR 1.1bn due to…
Read moreGerman spot power to inch higher amid wind drop
(Montel) German day-ahead power prices looked set to gain on Wednesday amid expectations of weakening wind output.…
Read moreOil prices rally as US reserve concerns recede
(Montel) Oil prices were rising on Wednesday as the threat of strategic crude reserves being released to the…
Read moreRussian gas flows to Europe continue rise
(Montel) Russian gas exports to northwestern Europe along three main conduits continued to climb in the wake…
Read moreGovernments must fast-track green projects – Iberdola CEO
(Montel) Governments globally should fast-track green infrastructure projects or they could miss decarbonisation targets, said Ignacio Galan, CEO…
Read moreEon curbs year-ahead hedging amid soaring power prices
(Montel) Eon had hedged 74% of its year-ahead nuclear power generation by the end of September at…
Read moreGas, coal weaken with Russian supply gains
(Montel) European gas prices softened on the back of improved supply from Russia on Tuesday, weighing on…
Read moreGerman power curve eases with softer gas prices
(Montel) German benchmark power prices eased on Tuesday, tracking losses in gas prices as markets focused on…
Read moreGerman power demand to near pre-Covid levels – BDEW
(Montel) Gross German power use should rise 3% to 561 TWh this year, up from 544 TWh…
Read moreGas front month retreats on Russian supply relief
(Montel) European front-month gas retreated on Tuesday, as returning Russian flows offered hope of boosting storage levels,…
Read moreEU GO exports to UK may slump 70% this year – expert
(Montel) Exports of European guarantees of origin (GOs) to the UK are expected to fall by more than…
Read moreUK battery developers face capacity challenges – consultant
(Montel) Battery developers competing in the UK’s capacity market are unable to secure long-term agreements because of battery…
Read moreGazprom starts injection plan for European gas storage
(Montel) Russian energy giant Gazprom has begun implementing a plan to inject gas into its depleted European…
Read moreCez hedges 37 TWh of 2022 power output at EUR 54.10/MWh
(Montel) Czech utility Cez had hedged 37 TWh of next year’s power production at an average price of…
Read moreRussian gas flows to Europe on the rise
(Montel) Russian gas exports to northwestern Europe along three main conduits climbed by almost a fifth compared…
Read moreGerman spot power set to surge EUR 39 on low wind, solar
(Montel) German day-ahead power prices looked set to surge around EUR 39, or 24%, on Tuesday and revisit…
Read morePossibility of more US supply caps oil’s gains
(Montel) Oil was trading flat on Tuesday as the possibility of more US supply being released to the…
Read moreUK to invest GBP 210m in Rolls-Royce small modular reactors
(Montel) The UK government has pledged GBP 210m of investment to develop technology for what would be one…
Read moreFrench nuclear sector ready to build new EPRs – EDF
(Montel) France's nuclear sector will be ready to build six new-generation European pressurised reactors (EPR2s) if plans…
Read moreGas supply disappointment drives gains
(Montel) European gas prices gained ground on Monday as relatively low flows from Russia erased hopes of…
Read moreGerman Cal 22 gas edges higher with robust gas, cold
(Montel) German front-year power prices continued to edge higher on Monday, as bullish supply fundamentals in the…
Read moreCoal supply dearth to drive prices higher
(Montel) European coal prices rose sharply in early Monday trading, defying several weeks of losses, as supply…
Read moreSpain spot power set to gain on more demand as Q1 jumps
(Montel) Spanish spot power prices could rise this week on higher demand and a drop in wind supply,…
Read moreNordic power futures rise on record spot, German power
(Montel) Nordic power futures rose on Monday on the back of strong spot prices, which hit a record…
Read moreCarbon rises EUR 1 on gas gains but volatility seen ahead
(Montel) European carbon prices rose EUR 1 on Monday supported by gas gains and low wind output, but…
Read moreGerman spot power to rise on less wind, rising demand
(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday as wind output waned…
Read moreOil prices rise on signs of strong demand
(Montel) Oil prices rose on Monday morning amid indications that global demand for crude remains strong.…
Read moreRussian gas flows to Europe start week subdued
(Montel) Russian gas exports to northwestern Europe along three main conduits looked poised to deliver only slightly…
Read morePrompt coal jumps on continued tightness
(Montel) Prompt coal prices rose in late Friday trading amid persisting market tightness, although traders said the…
Read moreEDP hedges half its generation to 2025 at EUR 60/MWh
(Montel) Portuguese utility EDP had hedged 50% of its 2022-25 power output at EUR 60/MWh by the end…
Read moreEU green status for gas, nuclear would deter investors – WWF
(Montel) Classifying gas-fired and nuclear power plants as “green” investments in the next update of the EU’s sustainable…
Read moreRegulators urge end to wholesale power price restrictions
(Montel) EU countries should drop all explicit caps and floors on wholesale power prices and enable more new…
Read moreCarbon prices to remain range-bound after gas divergence
(Montel) European carbon prices would be driven by technical trading but likely remain range-bound in the coming week…
Read moreGas prices rise as Russian supply hopes “empty noise”
(Montel) European gas prices were rising on Friday as uncertainty persisted around a potential ramp-up in Russian…
Read morePolish power lobby urges more cautious ETS reform
(Montel) Poland’s PKEE electricity association urged the European Commission on Friday to moderate its plans to reform…
Read moreNordic front power gains on colder weather, bullish gas
(Montel) Nordic power futures rose on Friday on expectations of cold weather in the region and the…
Read moreNord Stream 2 start-up won’t end gas spike risk – Uniper
(Montel) The launch of flows via the Nord Stream 2 pipeline may not be sufficient to end spiking…
Read moreFrench plan to start new EPR by 2035 unrealistic – experts
(Montel) French hopes of starting up a new-generation European pressurised reactor (EPR) by 2035 are unrealistic given the…
Read moreGerman spot power to strengthen on muted wind
(Montel) German spot power prices on Friday looked set to remain robust as wind production plunges and…
Read moreEurope needs more long-term gas contracts – Uniper
(Montel) Europe needs more long-term gas supply contracts and a diversified supply portfolio to manage the transition to…
Read moreDiverging CO2 set to see more upside
(Montel) European carbon and gas prices diverged on Thursday, with the former hitting a three-week high and surpassing…
Read moreStatkraft could be forced to buy foreign GOs on Norway exit
(Montel) Statkraft might be forced to purchase GOs from firms outside the country should the new government pull…
Read moreOil prices rise as Opec sticks to December output plan
(Montel) Oil prices were rising on Thursday afternoon as the Opec+ group stuck to a scheduled 0.4m bbl/day…
Read moreCarbon hits 3-week high at EUR 61.45/t
(Montel) Europe’s benchmark carbon price diverged from sliding gas to hit an almost three-week high of EUR 61.45/t…
Read moreGerman solar rooftop growth to sink by third – lobby
(Montel) Growth in Germany’s solar rooftop capacity looks to decline by a third next year as profitability…
Read moreVattenfall plans 250 MW H2 electrolyser for fuel plant
(Montel) Vattenfall plans to build a 250 MW electrolyser to create fossil free aviation fuel from green hydrogen…
Read moreNordic front power extends gains on gas, weather
(Montel) Nordic power futures continued to climb on Thursday amid stronger gas prices and some forecasts indicating…
Read moreFrance to cut red tape to boost solar capacity – ministry
(Montel) The French government plans to simplify administrative procedures to boost solar development, notably on former industrial zones…
Read moreStatkraft reverses EUR 314m write-downs on wind, gas plants
(Montel) Norwegian utility Statkraft has reversed previous impairments of EUR 3.1bn (EUR 314m) related to wind and gas…
Read moreGas, nuclear may get conditional “green” status – draft
(Montel) Natural gas-fired and nuclear power plants look set to qualify as “green” investments under certain conditions set…
Read moreVerbund hedges 60% of 2022 output at EUR 62/MWh
(Montel) Austrian utility Verbund had hedged 60% of its planned 2022 hydropower generation at EUR 62/MWh by the…
Read moreStatkraft trading arm posts EUR 405m loss on huge volatility
(Montel) The trading arm of Norway’s Statkraft posted an operating loss of NOK 4bn (EUR 405m) in the…
Read more190 nations and organisations pledge to quit coal
(Montel) A coalition of 190 nations and organisations – including Poland, Vietnam and Chile – has agreed to…
Read moreCarbon rises on strong energy complex
(Montel) European front-month carbon was climbing on Wednesday, helped by an overall strong energy complex. …
Read more“Insane” French peak power price to fall massively – traders
(Montel) Traders expect “insanely overpriced” French peakload power to drop “massively” closer to delivery this winter amid…
Read moreGerman power Cal 22 rises on higher coal, gas
(Montel) German front-year power climbed on Wednesday in line with higher coal and gas prices.…
Read moreHigh gas prices “very justified” – Vitol
(Montel) Current high gas prices are “very justified” due to near-term tightness and the prospect of a…
Read moreUK subsidy caps to fuel renewable PPA growth – consultant
(Montel) The UK market for power purchase agreements (PPAs) is poised for further growth as existing subsidy schemes…
Read moreUK-France cable to operate at reduced capacity to Oct 2023
(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at capacity reduced by as…
Read moreTTF gas edges higher as market awaits Russian flows
(Montel) European gas prices extended the prior session’s late gains on Wednesday morning as a nervous market…
Read moreEurope faces increased gas price volatility – Equinor
(Montel) Europe faces increased gas price volatility over the coming years amid growing intermittent generation capacity and diminishing…
Read moreSpain to auction 1.2 GW grid capacity at coal plant site
(Montel) Spain plans to tender 1.2 GW of grid connection capacity to renewable energy projects at the site…
Read moreTotalEnergies, Iberdrola eye Norwegian offshore wind
(Montel) TotalEnergies, Iberdrola and Norsk Havvind plan to jointly take part in Norway's tenders for offshore wind, they…
Read moreNordic power futures continue rise on energy rally
(Montel) Nordic power futures continued their rise on Wednesday, mainly in response to an ongoing rally in energy…
Read moreEU plans EUR 820m boost for green technologies
(Montel) The European Commission, European Investment Bank and Bill Gates' Breakthrough Energy Catalyst have agreed to work together…
Read moreFrance aids industrial power users, gas suppliers in crisis
(Montel) France will pay a EUR 150m advance to some of the country’s biggest industrial power users and…
Read moreGerman spot power to ease with more wind
(Montel) German day-ahead power prices looked set to ease on Wednesday as forecasters tipped wind generation to…
Read moreOrsted’s Q3 offshore wind output drops 28%
(Montel) Danish energy group Orsted generated 2.3 TWh of offshore wind in the third quarter, down 28% from…
Read moreOil prices soften as Opec+ under pressure to pump more
(Montel) Crude oil prices softened early on Wednesday amid an intensification of calls on Opec and its Russia-led…
Read moreGreen H2 cost may near blue H2 around 2030 – Aurora
(Montel) Green hydrogen may approach cost parity with fossil fuel-based hydrogen in some cases by around 2030, Aurora…
Read moreCarbon rises amid continued volatility
(Montel) European carbon prices rose by more than EUR 2 on Tuesday amid continuing volatility with gas up…
Read moreGazprom fails to book Q1-Q3 gas transit capacity to Europe
(Montel) Russia's Gazprom refrained from purchasing any gas transit capacity via Ukraine and Poland for delivery over…
Read moreSpain's gas demand rises nearly 3% in October
(Montel) Spanish gas consumption rose by 2.8% year on year in October to 29.6 TWh amid rising demand…
Read moreEnergy use in Germany set to increase 3% this year – Ageb
(Montel) German energy use should rise around 3% this year, based on preliminary data for the first nine…
Read moreGerman Cal 22 power rises with buoyant gas, EUAs
(Montel) Germany’s benchmark power price rose on Tuesday amid buoyant European carbon and gas markets.…
Read moreRussian gas flows to Europe start November lower
(Montel) Russian gas exports to northwestern Europe have begun November around 20% lower week on week amid…
Read moreGas prices jump EUR 3 as Russian flows remain subdued
(Montel) European gas prices rose up to EUR 3 on Tuesday due to persistent subdued flows from Russia…
Read moreHydrogen to drive Nordic power demand – TSOs
(Montel) The Nordic region is set for a 65% rise in power demand to 655 TWh by 2040,…
Read moreBelgium closer to nuclear exit on capacity scheme – experts
(Montel) Belgium may be closer to a complete nuclear phase-out in 2025 after it secured nearly 4.5…
Read moreWorld needs 210m tonnes of new LNG supply by 2040 – Cheniere
(Montel) The world will need around 210m tonnes (286bcm) of new LNG supply to meet an anticipated…
Read moreSpanish power generation falls 2.6% in October
(Montel) Spanish power generation fell 2.6% year on year in October to 19.4 TWh amid lower renewables production…
Read moreCO2 price may hit EUR 100 by 2030, squeezing out coal – Axpo
(Montel) Most of Europe’s flexible coal-fired capacity will be pushed out of the power mix by 2030,…
Read moreNordic Q1 power rises EUR 3 on drier, colder weather
(Montel) Nordic power futures rose on Tuesday with the Q1 contract trading EUR 3 higher after falling significantly…
Read moreBP sees gas markets staying tight over winter
(Montel) A global gas shortage that helped boost BP third quarter profits was likely to persist into…
Read moreGas woes direct result of underinvestment – Tellurian
(Montel) The current tightness in global gas supply is closely linked to a lack of investment in…
Read moreSpain gas system stable despite shut GME pipeline – TSO
(Montel) Spain’s gas system is operating “normally” and without supply shortages despite the closure of the 10bcm/year Gaz-Maghreb-Europe…
Read moreGerman spot power to extend gains above EUR 200 on low wind
(Montel) German day-ahead power prices looked set to rise around 8% on Tuesday, extending the previous day’s gains…
Read moreGazprom’s gas exports to Europe rise 10% in Jan-Oct
(Montel) Gazprom's gas exports to Europe rose 10% year on year in the first 10 months of the…
Read moreOil rises on indications Opec won’t further loosen quotas
(Montel) Oil prices were rising on Tuesday on indications producer cartel Opec would stick to existing production quotas…
Read moreCarbon falls EUR 1 amid tumbling gas
(Montel) European carbon prices fell by more than EUR 1 on Monday, breaching anticipated support levels for this…
Read moreGerman lignite output hits 9-month high in October – ISE
(Montel) German lignite power generation rose to 9.31 TWh in October, the highest since January, data from think…
Read moreDanish fund to invest EUR 100bn in renewables by 2030
(Montel) Copenhagen Infrastructure Partners has plans to boost its investments in the renewables sector from EUR 16bn currently…
Read moreAxpo acquires 25% stake in Swiss Green Gas International
(Montel) Swiss energy group Axpo has acquired a 25% stake in renewables developer Swiss Green Gas International…
Read moreGerman front-year power jumps EUR 7 as gas strengthens
(Montel) German front-year power prices were rebounding from last week’s losses, jumping as much as EUR 7 on…
Read moreGerman wind, solar capacity grows 548 MW in Sept
(Montel) Germany added almost 548 MW of wind and solar capacity to the grid in September, data from…
Read moreGas prices jump EUR 9 on Mallnow gas flow stoppage
(Montel) European gas futures jumped as much as EUR 9 on Monday amid a stoppage in Russian…
Read moreTSOs earn EUR 56m in “bottleneck income” from UK-Norway link
(Montel) TSOs National Grid and Statnett have earned EUR 56m in “bottleneck income” during the first month of…
Read moreRenewables in UK power mix reach 20-month high
(Montel) Renewable power sources accounted for nearly 38% of the UK’s power mix in October – the…
Read moreNordic power drifts sideways on mixed signals
(Montel) Nordic power futures were coming off highs seen early on Monday and drifting sideways, as wetter than…
Read moreCoal prices rebound from 3-month lows
(Montel) European coal prices rebounded from last week’s three-month lows in early Monday trading amid a buoyant…
Read moreGerman solar PPA potential is over 3 GW – expert
(Montel) Around 3.6 GW of unsubsidised solar projects could enter the German market by the end of…
Read moreEDF Trading suffers EUR 400m loss – report
(Montel) EDF’s trading unit made a loss of around EUR 400m on a bet that forward prices…
Read moreBelgium secures 4.5 GW in latest capacity auction
(Montel) Belgium has secured 4.5 GW in its latest capacity auction – including two new gas plants totally…
Read moreGerman spot power to soar above EUR 200 as wind output drops
(Montel) German day-ahead power prices looked set to more than double above EUR 200/MWh on Monday as wind…
Read moreOil falls as China releases reserves and on US pressure
(Montel) Oil prices were falling on Monday as China released reserves of petrol and diesel to boost supply,…
Read moreUkraine calls on EU to reject “geopolitical weapon” NS2
(Montel) The head of Ukraine’s state energy company Naftogaz has called on the EU to reject Russia’s Nord…
Read moreG20 nations agree to stop funding coal power overseas
(Montel) G20 nations agreed this weekend to stop funding the use of coal-fired power overseas and also pledged…
Read moreBelgian TSO wins exemption from 70% cross-border rule
(Montel) Belgian TSO Elia has been given a one-year exemption – to 31 December 2022 – from…
Read moreGazprom hits gas storage target early, continues injections
(Montel) Gazprom has hit a target to refill its Russian gas inventories several days ahead of a…
Read moreFirming CO2 defies energy sell-off
(Montel) European carbon prices bucked the trend of plunging fuel contracts on Friday as gas markets continued…
Read moreEni revises gas supply contracts with Gazprom
(Montel) Italy’s Eni and Russia’s Gazprom have signed an agreement to revise the terms of their existing long-term…
Read moreItaly sets out roadmap for new renewable capacity auctions
(Montel) Italy has set out a roadmap for new renewable capacity auctions to accelerate the country’s energy transition…
Read moreGerman Q1 power hits 6-week low as gas, coal prices tumble
(Montel) Near-term German power contracts fell on Friday with prices for gas and coal in anticipation of increased…
Read morePortuguese GO auction prices slump to EUR 0.51/MWh
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power slumped almost 50% to EUR 0.50-0.52/MWh at…
Read morePortugal auctions on track despite looming elections
(Montel) The Portuguese government plans to continue with its energy policy and upcoming auctions despite the possibility of…
Read moreOMV begins receiving repayments on Nord Stream 2 loan
(Montel) One of the financial partners of Russia’s contested Nord Stream 2 gas pipeline to Germany has…
Read moreGas prices fall to 5-week low on Russian supply hopes
(Montel) European gas prices dropped to a five-week low on Friday after Russian President Vladimir Putin fuelled hopes…
Read moreCarbon prices set to hold in narrow range near EUR 60
(Montel) European carbon prices will likely hold within a narrow range next week, hovering around EUR 60/t, as…
Read moreNordic November power slides to 3-month low
(Montel) Nordic power futures fell sharply amid wet and mild weather forecasts on Friday, with the November contract…
Read moreSpanish price measures may damage hedging – expert
(Montel) Recent measures passed by the Spanish government to tackle spiralling energy prices looked poised to damage hedging…
Read moreEni doubles 2021 renewables growth estimate to 2 GW
(Montel) Italian energy company Eni has doubled its estimate for renewables growth this year to 2 GW, which…
Read moreRWE generation climbs 17% over Jan-Sept
(Montel) RWE’s electricity production climbed 17% to 118.7 TWh over the first nine months of the year,…
Read morePoland seeks 1 GW solar or wind capacity in December auction
(Montel) Poland is seeking to add a total of roughly 1 GW of solar or wind capacity in…
Read moreGerman spot power to rise next week on lower wind
(Montel) German spot power prices on Friday looked set to gain ground next week amid reduced wind…
Read moreCrude prices flat ahead of Opec+ meeting
(Montel) Crude oil was flat early on Friday ahead of next week’s meeting of Opec+, where producers…
Read moreAustria’s OMV raises 2021 oil, gas price outlook
(Montel) OMV raised its outlook for oil and gas prices for a third time this year and…
Read moreFrench watchdog threatens sanctions over Arenh resale
(Montel) France’s CRE energy regulator on Thursday threatened sanctions against power suppliers for potentially reselling power on…
Read moreSlumping gas drags energy complex lower
(Montel) European energy prices slid across the board on Thursday dragged down by tumbling gas prices, which fell…
Read moreTraders' margining risk struggles may persist into 2022
(Montel) This year’s surge in European energy prices and volatility has boosted margining requirements and risks for traders,…
Read moreGerman front-month power dives EUR 20 as gas sinks
(Montel) Germany’s front-month power contract dived up to EUR 20 on Thursday – a one-month low – amid…
Read moreTotalEnergies sees gas bull run to Q2 amid record profit
(Montel) “Unprecedented” high gas prices are likely to persist until next year’s second quarter barring an “exceptionally mild…
Read moreVattenfall eyes gas exit – CEO
(Montel) Vattenfall aims to cut its gas use sharply to meet its new climate targets, the Swedish energy…
Read moreNordic power to average EUR 40/MWh until 2025 – Modity
(Montel) Nordic spot power will average just below EUR 40/MWh in 2022 and remain around this level until…
Read moreGas prices tumble 10% on Putin statement
(Montel) Gas prices tumbled around 10% on Thursday to their lowest levels in a month amid comments…
Read moreNordic November power sheds EUR 6 on wet spell, sliding gas
(Montel) Nordic November power slumped EUR 6, or more than 10%, on Thursday to its lowest point…
Read moreNewcastle coal index slumps under Chinese pressure
(Montel) The Pacific basin’s benchmark coal index has fallen 18% over the past week, tracking even sharper…
Read moreShell's LNG sales drop 13% in Q3
(Montel) Royal Dutch Shell’s LNG sales dropped 13% year on year to 15.2m tonnes (21bcm) between July…
Read moreGerman spot power eyes EUR 30 drop on more wind, less demand
(Montel) German day-ahead power prices looked set to drop 19% on Thursday as forecasts indicated a pick-up in…
Read moreOil prices soften amid easing concerns about tight supply
(Montel) Crude oil prices extended the previous session’s losses early on Thursday amid easing concerns about supply tightness…
Read moreVattenfall hedges 78% of 2022 Nordic output at EUR 29/MWh
(Montel) Vattenfall had sold 78% of its Nordic power production for 2022 at an average price of EUR…
Read moreBusiness lobbies call for global carbon pricing
(Montel) Global business groups have urged world leaders to “deliver meaningful” reductions in greenhouse gas emissions and “effective…
Read moreGazprom to send more gas to Europe from 8 Nov – Putin
(Montel) Gazprom should focus on refilling its depleted gas storage sites in Europe from 8 November, Russian…
Read moreCoal slides on China output concerns
(Montel) European prices for coal fell on Wednesday, continuing their decline after China said it plans to tackle…
Read moreClimate minister dismissal may harden Polish pro-coal stance
(Montel) A dismissal of Poland's climate minister Janusz Kurtyka a week ahead of the COP26 climate summit could…
Read moreFinnish utility may close 160 MW coal plant 5 years early
(Montel) Finnish utility Helen is considering bringing forward the decommissioning of its 160 MW Salmisaari coal-fired power plant…
Read moreTax curb welcome as profit takes EUR 100m hit – Iberdrola
(Montel) An amendment of Spain’s windfall tax on the country’s power utilities was welcomed on Wednesday by Iberdrola,…
Read moreGerman power front month, Cal 22 fall amid coal, gas drops
(Montel) German power for delivery next month and next year fell on Wednesday amid lower coal and gas…
Read more6 GW of European solar projects face delays – Rystad
(Montel) About half of European solar projects planned for 2022, or 6 GW, risk delay or cancellation due…
Read moreSafety expert casts doubt on French EPR start date
(Montel) France's ASN nuclear safety authority is mulling a report by its technical arm IRSN that casts doubt…
Read moreDanish electrolyser demand could hit 6.6 GW by 2030 – report
(Montel) Power demand from electrolysers in Denmark could swell to 6.6 GW by 2030 if the country becomes…
Read moreFront-month gas slips EUR 4 on improving supply
(Montel) Prompt European gas prices slid EUR 4 to a nine-day low early on Wednesday morning amid…
Read moreSpanish LNG imports rise ahead of Algerian pipeline closure
(Montel) Spain's LNG imports increased this month amid the need to compensate for the expected closure of the…
Read moreNordic power curve slides EUR 3 on wet outlook, weaker fuels
(Montel) Nordic power futures slid up to EUR 3 on Wednesday amid a very wet weather outlook and…
Read moreAurora sees carbon rising 80% on sluggish green policies
(Montel) A continued slow rollout of German renewable energy and unchanged timelines for European coal exits would…
Read moreEquinor increases gas sales to 14.5bcm in Q3
(Montel) Norwegian oil and gas major Equinor increased its gas sales by 0.4bcm year on year in the…
Read moreNS2 passes key hurdle, still faces BNA certification
(Montel) The controversial Nord Stream 2 pipeline has passed a final hurdle in the process towards full certification,…
Read moreSpain approves measures to limit windfall cut
(Montel) Spain approved an amendment on Tuesday exempting projects with fixed price energy contracts from a windfall tax.…
Read moreEU ministers press EC on green status rules for gas, nuclear
(Montel) Several EU energy ministers pressed the European Commission to clarify as soon as possible if nuclear and…
Read moreEC starts checking for gas market abuse
(Montel) The European Commission’s competition department has started collecting data about the EU’s main gas suppliers to check…
Read moreGreenpeace blocks Spanish LNG tanker
(Montel) Greenpeace activists blocked an LNG tanker at a Spanish port in a protest against European dependence on…
Read moreEC sceptical of Spain’s power market reform ideas
(Montel) EU energy commissioner Kadri Simson said on Tuesday that it was unclear how Spain’s proposals to decouple…
Read moreCarbon firms but sees strong resistance above EUR 60
(Montel) European carbon prices edged higher for the fifth consecutive session on Tuesday, although the benchmark contract again…
Read moreBanks shift to subsidy-free renewables as confidence grows
(Montel) Financial institutions are stepping up investments and loans in renewable energy projects without subsidies or even without…
Read moreCapital Energy to supply renewable power to Atletico Madrid
(Montel) Capital Energy has signed a three-year renewable power supply contract with Atletico de Madrid, the Spanish renewables…
Read moreFalck plans new 1.3 GW floating offshore wind plant in Italy
(Montel) Falck Renewables and BlueFloat Energy are planning to jointly develop a 1.3 GW floating offshore wind farm…
Read moreGerman front-month power gains EUR 3 on cold forecasts
(Montel) German front-month power rose more than EUR 3 on Tuesday amid forecasts of cold weather for…
Read moreGreenlab finalises 100 MW Danish H2 electrolyser plans
(Montel) Danish firm Greenlab Skive has finalised plans to build a 100 MW electrolyser for green hydrogen production…
Read moreEuropean gas supply not a concern this winter – Wintershall
(Montel) There is unlikely to be a physical shortage of gas in Europe this winter, though the Nord…
Read moreFrance to decide on new reactors by year end – minister
(Montel) The French government will decide “by the end of the year” whether to build new nuclear reactors,…
Read moreSpain reiterates call for power, ETS market reforms
(Montel) Spain has reiterated its call to reform the power and carbon markets – to help shield consumers…
Read moreUniper to install 12 MW battery storage at hydropower plants
(Montel) German utility Uniper will install two new battery storage systems, totalling 12 MW, at their Bodum and…
Read moreNordic Q1 power jumps EUR 3 on drier forecasts
(Montel) Nordic power futures rose on Tuesday, with the Q1 contract rising more than EUR 3, as the…
Read more9 EU countries reject calls for power market reform
(Montel) Nine EU countries, including Germany, have rejected calls to reform the European power market ahead of an…
Read moreGerman spot power to dive 20% with higher wind output
(Montel) German day-ahead power prices looked set to drop around 20%, or EUR 35, on Tuesday, as forecasts…
Read moreOil trades flat as pending Iran talks cool rally
(Montel) Oil was trading flat on Tuesday as pending talks between the EU and Iran, which could be…
Read moreMinisters set to debate EU response to energy price spikes
(Montel) Energy ministers will debate possible EU responses to soaring prices, including the European Commission’s “toolbox” of measures…
Read moreSpanish LNG imports to jump 69% in November
(Montel) Spain’s LNG imports were set to rise 69% year on year to 25.2 TWh (2.3bcm) in November,…
Read moreVolatility boots speculators out of market – Eon CEO
(Montel) Volatile energy prices are pushing speculators out of the market, said Leonhard Birnbaum, CEO of German…
Read moreGas, coal surge on cold weather outlook
(Montel) European gas and coal prices jumped on Monday on forecast cold weather, while carbon made more modest…
Read moreGalp expects no impact from Spanish emergency measures
(Montel) Galp does not expect any “relevant impact” on its green plans in Spain from emergency measures to…
Read moreFrench TSO backs new nuclear but urges green growth
(Montel) Building new nuclear reactors in France makes economic sense but the country cannot reach carbon neutrality by…
Read moreGerman power front year climbs amid gas push
(Montel) German front-year power continued to inch higher on Monday, pulled up by gains in the gas…
Read moreGerman, French utilities launch cross-border hydrogen scheme
(Montel) A group of eight western European companies has founded an initiative aimed at promoting a regional…
Read moreCoal prices jump EUR 11 on cold outlook
(Montel) European coal prices spiked up to EUR 11 on Monday on the back of colder weather…
Read moreSpanish spot power to fall on more wind
(Montel) Spanish spot power prices could ease this week on a rise in wind supply, while futures were…
Read moreFrench power supplier defaults on payments
(Montel) French power supplier Hydroption has defaulted on payments amid soaring energy prices but is continuing operations…
Read moreNordic power gains on fuels jump, drier outlook
(Montel) Nordic front power contracts rose on Monday amid strong fuels prices, with gas jumping more than EUR…
Read moreGas prices jump EUR 4 on cold forecasts
(Montel) European gas futures jumped EUR 4 on Monday amid forecasts of colder weather for next month,…
Read moreNorwegian trader Eidsbotn Kraft to “shut down” amid losses
(Montel) Norwegian power trading company Eidsbotn Kraft will cease operations by the end of the year after losing…
Read moreEnel's coal-fired output rises 13% in Jan-Sept
(Montel) Enel’s coal-fired power production in Italy rose 13% year on year in the first three quarters of…
Read moreStatkraft signs 3-year French wind PPA with RWE
(Montel) Statkraft has signed a three-year power purchase agreement (PPA) with German rival RWE to manage the…
Read moreGerman spot power to rise on low green output, robust demand
(Montel) German day-ahead power prices looked set to jump on Monday as forecasts indicated lower than usual…
Read moreOil prices extend multi-year highs on tight market
(Montel) Oil prices hit fresh multi-year highs on Monday amid a tight physical market.…
Read moreGazprom's gas sales on auction platform dive in October
(Montel) Gazprom’s sales to European customers via its auction platform have plunged in the first three weeks of…
Read moreGerman Cal 22 power rises with firm energy complex
(Montel) German front-year power prices gained slightly on Friday in line with similarly firm prices in the markets…
Read moreSenior MEP adds to pressure on NS2 approval – Spiegel
(Montel) Germany should deny regulatory approval of Russia’s Nord Stream 2 pipeline unless gas flows to Europe…
Read moreCarbon prices gain but set to remain volatile
(Montel) European carbon prices were higher on Friday but were set to remain volatile next week as the…
Read moreTTF front month inches up as supply remains tight
(Montel) The TTF front month edged higher on Friday amid signs that supply remains tight ahead of…
Read moreBritain’s coal-fired generation soars over 300% in Q3
(Montel) Coal-fired power generation in Great Britain soared 335% year on year to 1.15 TWh in the third…
Read moreGerman spot power set to gain next week with less wind
(Montel) German spot power prices on Friday looked set to rise next week amid less wind generation.…
Read moreNordic power prices drop on wetter, windier outlook
(Montel) Nordic power futures fell sharply for the second day running on Friday, depressed by wetter and windier…
Read moreFrance extends freeze on gas tariff to end-2022
(Montel) France has extended a freeze on regulated gas tariffs to the end of 2022 to mitigate…
Read moreEU leaders back probe of carbon market speculation
(Montel) EU leaders have backed the European Commission (EC) plan to study whether certain carbon market trading behaviours…
Read moreCrude prices fall on demand concerns amid Covid restrictions
(Montel) Crude oil was lower early on Friday on demand pessimism amid ongoing concerns about the effect…
Read morePolish utility informs Berlin of Nord Stream 2 objection
(Montel) Polish energy supplier PGNiG submitted on Thursday its objection to Russia’s Nord Stream 2 gas pipeline…
Read moreGas falls amid mild weather forecasts
(Montel) European gas contracts were falling on Thursday amid revised weather forecasts that saw above-average temperatures continuing into…
Read moreUniper boosts 2021 profits, books hedging loss
(Montel) Germany’s Uniper has raised its 2021 earnings outlook by EUR 250m to EUR 1-1.3bn, mainly due…
Read moreMarket interventions risk raising energy costs – Efet
(Montel) National governments intervening in wholesale energy markets even temporarily in response to high prices risked raising long-term…
Read moreGermany would need 43 GW of gas for 2030 coal exit – lobby
(Montel) Germany would need 43 GW of additional hydrogen-ready, gas-fired power capacity at a cost of EUR 48bn…
Read moreNew Norway minister confirms 4.5 GW offshore wind plans
(Montel) Norway's new centre-left government will proceed with the previous administration's plans for 4.5 GW of offshore wind…
Read moreFrance faces winter power cuts – analysts
(Montel) France faces rotating power cuts this winter, with doubts about nuclear and gas supply fuelling blackout fears,…
Read moreGerman power curve slumps with softer coal, gas
(Montel) German power futures fell on Thursday amid weakness in fuel prices, especially the cost of coal.…
Read moreNorway’s power demand could rise 26% by 2040 – agency
(Montel) Electricity demand in Norway looked set to rise 26% to 174 TWh by 2040, which along with…
Read moreGO prices fall amid higher wind, hydropower output
(Montel) European guarantees of origin (GOs) have lost ground this week on increased wind and hydropower output.…
Read moreNewcastle coal index slides as China flags intervention
(Montel) The Pacific basin’s benchmark coal index pulled back from a record high this week as Chinese…
Read moreGas front month drops amid stable fundamentals
(Montel) European front-month gas prices dropped slightly on Thursday, with prices likely to continue trading sideways amid…
Read moreNordic power retreats on weaker fuels, German prices
(Montel) Nordic power futures fell in line with other energy markets on Thursday, with weather forecasts being largely…
Read moreFrench regulator calls for emergency gas, power suppliers
(Montel) The French government should appoint emergency power and gas suppliers “without delay”, with bankruptcies looming amid soaring…
Read moreGreen H2 to cover 20% of power demand in 2050 – Statkraft
(Montel) Roughly a fifth of Europe’s power demand in 2050 will come from green hydrogen production through electrolysers,…
Read morePolish utility to launch 62 MW solar farm in 2023
(Montel) Polish power utility Energa will launch the 62 MW Wielbark solar farm in northern Poland in 2023,…
Read moreGerman spot power eyes 15% jump as wind output wanes
(Montel) German day-ahead power looked set to rise around 15% on Thursday as forecasts pointed to flagging wind…
Read moreOil prices soften after nudging fresh multi-year highs
(Montel) Crude oil prices traded a shade down early on Thursday amid heightened calls on Opec and its…
Read moreFrench watchdog gives preliminary approval for EPR repairs
(Montel) France's ASN nuclear safety authority has preliminarily approved proposals by utility EDF to fix three defective welds…
Read morePolish plan for single coal firm may delay exit – expert
(Montel) Poland's planned single firm to own and operate the country's 23 GW of coal-fired plants might delay…
Read moreCO2 rebounds with gas gains
(Montel) European carbon prices rebounded from a two-month low on Wednesday as gas rose on weather forecasts and…
Read moreSkyrocketing prices require swift action – industry lobbies
(Montel) Energy-intensive industries called for swift action by the European Council to address skyrocketing energy prices, which…
Read moreAfrican supply will not solve EU gas woes
(Montel) Algerian efforts to guarantee gas supply to Spain this winter could help ease tensions in the market,…
Read moreGerman front-year power jumps EUR 3 with gas, CO2
(Montel) Germany’s benchmark Cal 22 power contract rose more than EUR 3 on Wednesday reacting to gains in…
Read moreGerman balancing rules favour some spot traders
(Montel) Companies that help balance Germany’s electricity system have an unfair advantage over rivals in the intraday…
Read moreNordic futures rebound on German power, fuels
(Montel) Nordic power futures on Wednesday clawed back Tuesday losses in response to bullish German power prices…
Read moreFrance mulls early pay-out of carbon offset aid to industry
(Montel) France is considering an advance of carbon-offset aid to energy-intensive firms amid soaring gas and power prices,…
Read moreAggregators needed in Belgium PPA market – expert
(Montel) Aggregators are needed in Belgium’s power purchase agreement (PPA) market to ease financing for offtakers with weak…
Read moreFinnish-Swedish 800 MW interconnector receives approval
(Montel) The Finnish ministry of economic affairs has granted TSO Fingrid a permit to construct an 800 MW…
Read moreCO2 rebounds near EUR 2 after prior sell-off
(Montel) European carbon prices are rebounding on Wednesday – up near EUR 2 – following the previous session’s…
Read moreFrance could achieve carbon zero without nuclear
(Montel) France could exit nuclear use by 2045 and still reach net carbon neutrality by 2050 but this…
Read moreSwedish wind power investments dry up in uncertain market
(Montel) Investment decisions for new wind farms in Sweden were scarce in the third quarter this year because…
Read moreUK renewable energy company to build 100 MW battery storage
(Montel) UK renewable company Anesco is set to build two 50 MW battery storage units in the country…
Read moreSwedish green steel project wins order from BMW
(Montel) German carmaker BMW has signed a deal with a Swedish firm H2 Green Steel (H2GS) to source…
Read moreGas prices rise on weather, supply fears
(Montel) European gas prices jumped in early Wednesday trading as supportive weather forecasts and concerns of still…
Read moreHigh energy prices wake-up call for future rises
(Montel) Current high energy prices were unrelated to EU climate policies but could be a wake-up call to…
Read moreStrong winds to drive German spot power further down
(Montel) German day-ahead power prices looked set to fall on Wednesday as forecasters tipped strong wind generation…
Read moreGerman Greens leader blasts Nord Stream 2 “blackmail”
(Montel) Germany should resist approving Russia’s Nord Stream 2 gas pipeline until its operators were separate from…
Read moreG7 can “fully decarbonise” electricity supply by 2035 – IEA
(Montel) G7 members should be able to “fully decarbonise their electricity supply by 2035,” putting them on track…
Read moreOil retreats from multi-year highs on US inventory build
(Montel) Crude oil prices edged lower in early Wednesday trading, pulling away from multi-year highs reached earlier this…
Read moreForestalia takes 780 MW in Spanish green auction
(Montel) Green energy developer Forestalia was awarded 780 MW of capacity in Spain’s 3.3 GW renewables auction on…
Read moreCarbon tumbles through 2-month low
(Montel) European carbon prices reached their lowest levels in two months on Tuesday as observers noted mounting…
Read moreCarbon to average EUR 67 in Q4, EUR 60 in H1 – Refinitiv
(Montel) European carbon prices are expected to average EUR 67/t in the fourth quarter and EUR 60/t in…
Read moreGas front month falls but supply concerns curb losses
(Montel) The European front-month gas contract continued to lose ground on Tuesday amid widespread profit-taking, with the sell-off…
Read moreFrance names new head of CNR hydropower firm
(Montel) France has named Laurence Borie-Bancel to replace Elisabeth Ayrault as chairwoman of hydropower producer Compagnie Nationale du…
Read moreNo clarity on winter gas risk before late December – SEB
(Montel) Clarity on whether European gas prices would retreat from elevated levels or “go ballistic” this winter…
Read moreSpain’s annual rooftop solar growth set to double – expert
(Montel) Spain’s annual rooftop solar growth is set to more than double from a previously expected 700 MW/year…
Read moreLightsource BP to build 757 MW solar capacity in Poland
(Montel) Lightsource BP, the renewables arm of energy giant British Petroleum, has partnered with an unnamed Polish firm…
Read moreGerman Q1 power sheds EUR 3 amid gas sell-off
(Montel) The German front-quarter power contract fell EUR 3 on Tuesday, gleaning direction from a sell-off in…
Read moreEurope set to exit coal “very soon” after 2030 – EC analyst
(Montel) Europe was set to see an exit from coal-fired generation “very soon” after 2030 in order to…
Read moreUK reaffirms commitment to offshore wind, green H2
(Montel) The UK government has reaffirmed plans for 40 GW of offshore wind-power capacity and 5 GW…
Read moreCoal barges to Germany reduce cargoes due to low water
(Montel) Coal barges earmarked for German destinations are loading as much as a third below full capacity…
Read moreSpain's move to tackle crisis threatens green progress
(Montel) The Spanish government's measures to tackle spiralling energy prices have halted the development of new green plants…
Read moreChinese coal surges to record USD 300/t on tight supply
(Montel) Chinese coal futures prices have surged to nearly USD 300/t amid cold weather and insufficient domestic…
Read moreSpain PPA demand strong despite regulatory doubts – Acciona
(Montel) Demand for Spanish power purchase agreements (PPA) will continue to prosper despite government intervention in the wholesale…
Read moreEDF told to run safety checks at 54 reactors
(Montel) France’s ASN nuclear safety authority has ordered EDF to carry out safety checks at 54 reactors following…
Read moreLargest floating wind farm (50 MW) starts up off Scotland
(Montel) The “world’s largest” floating offshore wind farm (50 MW) has started up near the Scottish coast, developer…
Read moreNordic power front month, quarter trade flat on wet outlook
(Montel) Nordic power for the front month and quarter dropped in early trade amid a continuing wet weather…
Read moreBHP ramps up coal production by 17%
(Montel) BHP hiked thermal coal production 17% on the year in the first quarter of the 2021-2022…
Read moreGerman spot to plunge almost EUR 90 on surging wind power
(Montel) German day-ahead power prices looked set to plummet almost EUR 90 on Tuesday, as forecasts showed wind…
Read moreOil off highs as economic concerns curb gains
(Montel) Oil was rising on Tuesday but off recent multi-year highs amid economic concerns that highlighted the risk…
Read moreUK government to unveil GBP 10bn green growth plans
(Montel) The UK government later today will announce almost GBP 10bn in investment pledged by companies to support…
Read moreMore than 20% of European gas plants are lossmaking – report
(Montel) More than one-fifth of European gas-fired power gas plants are lossmaking and most of the planned new…
Read moreCoal dives amid profit-taking
(Montel) European front-month coal prices dropped nearly 7% in afternoon trading, following initial gains, amid profit-taking and…
Read moreTurkey’s net zero plans may halt coal investments
(Montel-Foreks) Turkey's newly ratified plans to reach net zero emissions by 2053 could halt further investment in…
Read moreFrance extends gas tariff freeze to July – regulator
(Montel) France will extend a freeze on regulated gas tariffs to July to mitigate the impact of soaring…
Read morePrompt coal prices gain on tight supply
(Montel) European front-month coal prices continued to rise in early Monday trading, buoyed by tight supply and supportive…
Read moreVolatile energy markets to boost short-term PPAs – Pexapark
(Montel) Soaring energy prices and increased volatility will drive demand for short-term power purchase agreements (PPA), the head…
Read moreGas prices soar as pipeline auctions disappoint
(Montel) European gas prices surged by more than 20% on Monday following auction results for pipeline capacity…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…
Read moreNordic November, Q1 power gain on cooler weather, less wind
(Montel) The Nordic November and Q1 power contacts gained on Monday, with some forecasts expecting cooler weather…
Read moreBelgium raises offshore wind target to 5.8 GW by 2030
(Montel) The Belgian government has raised its 2030 offshore wind target from 4.4 GW to 5.8 GW,…
Read moreBayWa Re acquires 48 MW Scottish wind farm
(Montel) German renewables firm BayWa Re has purchased the project rights for a 48 MW wind farm located…
Read moreGazprom fills first Nord Stream 2 string with gas
(Montel) Russia’s Gazprom has filled the first string of the 55bcm/year Nord Stream 2 gas pipeline, linking Germany…
Read moreGerman spot power set to plummet as wind output soars
(Montel) German day-ahead power prices looked set to fall EUR 37 on Monday as wind output should more…
Read moreOil hovers at multi-year highs on energy crisis
(Montel) Oil prices were trading at fresh multi-year highs on Monday amid a global energy supply shortage, with…
Read moreIneos to invest EUR 2bn in green hydrogen production
(Montel) UK petrochemicals firm Ineos plans to invest EUR 2bn in green hydrogen production across Europe in the…
Read moreGO market requires real-time verification – report
(Montel) The European guarantees of origin (GO) market needs real-time verification and a stable regulatory framework to thrive…
Read moreFuel prices retreat ahead of gas tender
(Montel) European energy prices dropped on Friday, led by gas which slumped due to forecasts of increased wind…
Read moreGermany should exit coal by 2030 – Greens, SPD, FDP
(Montel) Germany should exit coal-fired power generation by 2030 to meet the country’s climate goals, the Greens, the…
Read moreGas prices fall on outlook for mild weather, more wind
(Montel) European gas prices dropped on Friday as forecasts for rising wind power generation and mild temperatures eased…
Read moreGermany consults neighbours amid NS2 assessment
(Montel) Germany is consulting neighbouring countries amid its assessment over the pending certification of Russia’s Nord Stream 2…
Read moreCarbon prices surge on technicals, gas supply concerns
(Montel) European carbon prices made a late surge on Friday on technical trading and gas supply concerns after…
Read moreRussia fulfilling its gas export commitments – Timmermans
(Montel) Russia is fulfilling its gas supply agreements with the EU and there was no reason to believe…
Read moreNordic power jumps EUR 2 on strong German market, fuels
(Montel) Nordic power futures rose up to EUR 2 on Friday in line with a large discount to…
Read moreLithuania to add 5 GW of renewables by 2030 – TSO
(Montel) Lithuania plans to add 5 GW of renewables capacity by 2030, while mulling clean hydrogen production and…
Read moreNordic power traders fear consequences of surging prices
(Montel) Nordic power traders and analysts are concerned about potential bankruptcies and falling market liquidity if record high…
Read moreGerman renewables capacity to rise to 180 GW by 2026 – study
(Montel) Germany’s renewables capacity should rise to 180 GW by end-2026, with the bulk of growth stemming from…
Read moreFrench regulator boosts surveillance of energy markets
(Montel) France’s CRE energy regulator is strengthening its surveillance of wholesale electricity and gas markets to avoid…
Read moreGerman spot power to fall next week as wind output rises
(Montel) German spot power prices should fall next week, as forecasts show higher wind power generation and…
Read moreOrsted, Ze Pak team up to build offshore wind in Poland
(Montel) Danish energy firm Orsted and Polish utility Ze Pak intend to jointly bid for licences to build…
Read moreCrude prices rise on demand optimism amid switch from gas
(Montel) Crude oil was higher early on Friday on optimism that soaring gas prices will prompt a…
Read morePower bosses urge EU leaders to keep prices market-based
(Montel) Chief executives of big energy utilities including France’s EDF want to keep prices market-based and avoid “short-sighted…
Read moreCarbon firms in range-bound trading
(Montel) European carbon prices climbed on Thursday in range-bound trading, yet the market could see further gains.…
Read moreFront-month gas prices spiral as supply concerns persist
(Montel) European gas contracts jumped across the curve on Thursday, including a EUR 9 rise for the front…
Read moreGerman power Cal 22 leaps EUR 6 on gas rally
(Montel) Germany’s benchmark front-year power contract leapt EUR 6 on Thursday in line with another jump in gas…
Read moreTurkish coal imports drop 14% amid switch to gas
(Montel) Turkish thermal coal imports slipped 14% in August, with sharp declines reported from Russia and Colombia,…
Read moreFinnish firms plan wind, solar, storage hybrid by 2023
(Montel) Finnish renewables developer VSB Uusiutuva Energia and solar power firm Solarigo Systems plan to complete Finland’s first…
Read moreSpanish industrials halt output amid energy price crisis
(Montel) Two Spanish energy-intensive firms have halted production due to Europe’s current energy price crisis, which have…
Read moreGerman 1.5 GW onshore wind tender clears at EUR 57.90/MWh
(Montel) Germany has tendered 1.5 GW of onshore wind capacity with 166 successful bids receiving average subsidy payments…
Read moreNewcastle coal index hits new highs on supply woes
(Montel) Pacific-basin benchmark coal prices extended record highs this week amid severe nearby supply shortages and buoyant…
Read moreOil demand gets boost from soaring gas prices – IEA
(Montel) Global oil demand is rising faster than expected as soaring gas prices have prompted a switch to…
Read moreNordic Q1 power drops to near 2-month low on wet outlook
(Montel) Nordic power fell amid mild and wet weather forecasts on Thursday, with the Q1 contract dropping EUR…
Read moreGreen steel profitable with CO2 at EUR 80-100/t – Hybrit
(Montel) The cost of producing steel from green hydrogen could be equally profitable with that produced from fossil…
Read morePPA prices up 8% with energy crunch
(Montel) European power purchase agreement (PPA) prices rose 8% quarter on quarter due to the energy crisis, platform…
Read moreGerman spot power eyes 19% drop as output rises
(Montel) German day-ahead electricity prices were set to shed 19% at settlement on Thursday amid rising output…
Read moreCrude prices rise on possible gas to oil switch this winter
(Montel) Crude prices rose on Thursday amid expectations soaring gas prices would lead to a switch to oil…
Read moreEC measures to lower energy prices insufficient – Spain
(Montel) A regulatory “toolbox” presented on Wednesday by the European Commission (EC) to address the current energy price…
Read morePutin gives no indication of increasing Russian gas supplies
(Montel) Russian president Vladimir Putin denied Russia is limiting gas supplies to Europe in a bid to drive…
Read moreNorway GO exit won't breach EU rules – government
(Montel) A Norwegian withdrawal from the European guarantees of origin (GO) market system will not violate the…
Read moreFront-month gas gains on low storage, high LNG
(Montel) European front-month gas gained on Wednesday, as low storage levels, high LNG prices and dipping Russian…
Read moreHigh prices an “opportunity” for EDF reform – ministry
(Montel) Record high power prices represented a “once in a cycle” opportunity to realise reform of France’s state-owned…
Read moreNew government wants to pull Norway out of GO market
(Montel) Norway’s new government said it wants to withdraw from the guarantees of origin (GO) market, while it…
Read moreGerman power rises amid strong fuels
(Montel) German power prices continued to rise across all contracts on the EEX amid an increase in gas,…
Read moreOTC gas trading volumes slide 16% in September – Leba
(Montel) Traded gas volumes in European brokered markets fell 16% year on year in September, led by…
Read moreTwo German gas retailers stop selling to new customers
(Montel) At least two German gas providers have stopped taking on new customers for their gas retail business…
Read moreOpec trims 2021 oil demand outlook despite energy squeeze
(Montel) Opec has revised down its global oil demand outlook for 2021, largely due to lower-than-expected consumption levels…
Read moreEC to ask watchdog to probe CO2 trading activities
(Montel) The European Commission will ask the EU’s financial watchdog Esma to examine trading behaviours in the carbon…
Read moreIndia faces blackouts as coal stocks hit 7-year low
(Montel) India is facing the prospect of winter blackouts, with generators priced out of the inflated seaborne…
Read moreNordic power futures rise on strong fuels, German power
(Montel) Nordic power futures rose on Wednesday amid prices increases for fuels and German power, as the wet…
Read moreChinese coal imports jump 76% in September
(Montel) Chinese coal imports jumped 76% on the year in September to a nine-month high of 1.1m…
Read morePolish power output climbs 19% in September – TSO
(Montel) Polish power output surged 19% in September compared with a year earlier, to 14.8 TWh, according to…
Read moreKey Russian coal terminal declares force majeure
(Montel) Russia’s largest coal producer Suek has declared force majeure at its 24m tonnes/year Daltransugol terminal at…
Read moreCold winter would require up to 10% more gas imports – TSOs
(Montel) Europe would need gas imports up to 10% higher than the maximum import volumes of recent years…
Read moreOil prices ease ahead of weekly US inventory data
(Montel) Crude oil prices traded a shade down early on Wednesday as market participates debated the energy crunch…
Read moreGerman spot power set to dip as wind and nuclear output rise
(Montel) German day-ahead power looked set to decline on Wednesday due to an increase in wind and…
Read moreEnergy transition is “too slow” to reach net zero goal – IEA
(Montel) The world is gradually transitioning towards green energy but the pace is too slow to achieve net…
Read moreMacron announces EUR 1bn for new reactors, targets green H2
(Montel) France will invest EUR 1bn by 2030 in developing small modular reactors (SMR) as well as making…
Read moreFrench firms urged: “Buy gas and power now!"
(Montel) Companies should purchase power and gas now for delivery into 2026, despite current high prices, to ensure…
Read moreFuels rise as supply fears prevail
(Montel) Gas and coal continued to rise on Tuesday, as fears of a supply crunch this winter drove…
Read moreGerman front-month power rises on gas, coal gains
(Montel) German front-month power extended recent gains on Tuesday, as European gas and coal continued their rise.…
Read moreGas prices rise in “volatile, unstable” market
(Montel) European prices rose on Tuesday on the back of colder weather forecasts, though the gains were…
Read moreNorway plans EUR 1/MWh tax on onshore wind power production
(Montel) Norway's outgoing government has proposed introducing a tax on onshore wind power production, it said when presenting…
Read moreFrench energy-intensive firms call for “emergency” aid
(Montel) France’s energy-intensive industry needs “emergency measures” to cope with high energy and gas prices without curbing output…
Read moreFocusEconomics hikes 2022 coal price outlook 45%
(Montel) Pacific basin benchmark coal prices could average USD 132.80/t next year, up 45% – or USD…
Read moreAnalysts revise up 2022 US gas price outlook by 21%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…
Read moreNordic power futures extend losses on wet weather outlook
(Montel) Nordic power futures extended losses early on Tuesday as market participants expected wetter and windier weather…
Read moreLa Nina return could exacerbate coal supply tightness
(Montel) There is triple the normal chance of the so-called La Nina weather pattern occurring this year,…
Read moreGerman spot power set to jump as wind output halves
(Montel) German day-ahead power prices looked set to gain near EUR 30 on Tuesday amid forecasts for…
Read moreOil hovers around multi-year highs as energy crisis persists
(Montel) Oil prices continued to hover around multi-year highs on Tuesday as sky high coal and gas indicated…
Read moreUK raises ETS cost curb measure 7% for January
(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 7% month…
Read moreNord Pool CEO Kari Thorud resigns
(Montel) Kari Ekelund Thorud has resigned as CEO of Nord Pool after three years in the position,…
Read moreCarbon bounces back 2% amid coal power demand
(Montel) European carbon prices traded around 2% higher on Monday afternoon, regaining some of last week’s lost ground…
Read moreSwedish opposition calls for action on power price zones
(Montel) Sweden's centre-right opposition parties have called on the government to act amid widening price differences in the…
Read moreNorway top court rules 544 MW wind farm licence invalid
(Montel) Norway’s supreme court ruled on Monday that the licence for two wind farms in central Norway, with…
Read moreGerman power Cal 22 rebounds with fuels strength
(Montel) German front-year power rebounded from last week’s sell-off on Monday, as a tight global supply picture countered…
Read moreSpanish spot power prices slide on flagging demand
(Montel) Spanish day-ahead power prices looked set to drop this week amid expectations of flagging demand with futures…
Read moreFrench regulator rejects calls to waive Arenh penalties
(Montel) France’s energy regulator CRE rejected calls by six suppliers to waive penalties imposed on them after they…
Read moreNovember coal holds above USD 220 amid tight supply
(Montel) Atlantic basin coal prices resumed their upward path in Monday trading – following a sharp sell-off…
Read moreGas prices soften on windier, milder weather
(Montel) European gas futures were lower on Monday in volatile trading amid forecasts of windier and milder…
Read moreDutch Gate LNG terminal to boost capacity 12.5% by 2024
(Montel) The Gate LNG terminal, in the Netherlands, will increase capacity by 1.5bcm/year, to 13.5bcm, by October 2024,…
Read moreEurope's LNG imports rise 16% to 1.65bcm
(Montel) Seaborne LNG deliveries to key European destinations rose around 16% last week to 1.65bcm, while a…
Read moreNordic power extends sell-off on mild, wet weather outlook
(Montel) Nordic power futures extended last week’s sell-off early on Monday as forecasts indicated wetter, milder and windier…
Read moreUK asset manager, Irish developer plan 1 GW solar, storage
(Montel) UK asset manager Gresham House and Irish renewables developer Strategic Power Projects (SPP) plan a joint venture…
Read moreGerman spot power edges down amid wind boost
(Montel) German day-ahead power prices looked set to ease on Monday, as increasing wind production countered colder…
Read moreCrude rises on supply concerns amid surging energy prices
(Montel) Crude oil rose to fresh multi-year highs early on Monday on supply concerns amid surging prices…
Read moreFew climate benefits in non-green hydrogen – study
(Montel) Only hydrogen produced with renewable energy met eligibility standards under the EU’s renewable energy directive, according…
Read moreFuels sell-off continues after turbulent week
(Montel) European coal and gas prices continued to lose ground on Friday amid ongoing profit-taking after a…
Read moreGermany faces no power shortage despite price spike – TSOs
(Montel) Germany will have enough electricity to meet demand this winter, even though a recent spike in wholesale…
Read moreCarbon EUAs face headwinds as volatility mounts
(Montel) European carbon prices were under growing pressure from the fallout of a surge in energy costs,…
Read moreFront-month gas prices fall on LNG, supply hopes
(Montel) European front month gas prices retreated on Friday amid market expectations that more LNG and Russian…
Read moreMoves to curb energy crisis smack of “panic” – Eurelectric
(Montel) Moves by a number of European governments to curb the current crisis sparked by spiralling energy costs…
Read moreGermany to see windier, milder end to October
(Montel) Colder German conditions in the next fortnight should give way to a milder end to October, with…
Read moreFinnish 1.3 GW offshore wind farm eyes 2028 start
(Montel) Finnish state-owned property manager Metsahallitus is looking for a partner to develop a 1.3 GW offshore wind…
Read moreGas price boom jeopardising industry – Italian lobby
(Montel) A group representing large gas users in Italy has urged the government to take action against the…
Read moreNordic power curve tumbles on wetter weather
(Montel) Nordic power contracts were trading markedly lower on Friday amid improved hydropower stocks and wetter weather forecasts.…
Read morePoland's solar capacity expands to 6 GW
(Montel) Poland added 346 MW of solar capacity in August, raising the country's total capacity to 5,970 MW,…
Read moreGerman spot power to edge up next week as cold hits
(Montel) German spot power prices could climb further next week – after already breaking records this week…
Read moreTTF price rally lures liquidity to exchanges
(Montel) Liquidity on the day-ahead TTF over-the-counter market has fallen to the lowest level in more than six…
Read moreCrude prices rise as US downplays release of reserves
(Montel) Crude oil was higher early on Friday as the US energy department played down indications that…
Read moreParis agreement may hamper Turkish fossil fuel plans
(Montel-Foreks) Turkey has this week adopted the Paris climate agreement, potentially putting a nail in the coffin…
Read moreEDF calls for fixed rates to replace market power prices
(Montel) The EU should introduce fixed power prices for long-term contracts, independent of the wholesale market, to protect…
Read moreCarbon gains ground after sell-off
(Montel) European carbon prices were climbing in a volatile session on Thursday, wiping out earlier losses and bucking…
Read moreEC to revisit joint gas buying, storage rules
(Montel) The European Commission is revisiting the idea of an EU platform for buying natural gas after countries…
Read moreSpain approves lifetime extension of Asco nuclear reactors
(Montel) Spain’s Asco nuclear power plant (2 GW) received final approval from the government on Thursday to…
Read moreGazprom may have more gas for export in November – analysts
(Montel) Russia’s Gazprom is aiming to have completed replenishment of its domestic underground gas storage (UGS) facilities…
Read moreHigh market prices to boost French PPAs – experts
(Montel) Soaring wholesale power prices have prompted a surge in power purchase agreements (PPA) in France, where uptake…
Read moreGerman power curve plummets EUR 170 in see-sawing market
(Montel) Contracts along the German power curve plummeted up to EUR 170 on Thursday after yesterday’s unprecedented rise.…
Read moreGerman power demand to rise to 698 TWh in 2030 – study
(Montel) Germany’s power demand should rise 17% from 2018 levels to 698 TWh in 2030 and to 910…
Read moreGas prices fall as sell-off continues
(Montel) European gas contracts were falling on Thursday morning in an ongoing sell-off triggered when Russian president Vladimir…
Read moreCleared coal futures on Ice jump to 9-month high
(Montel) Coal futures and options volumes cleared on the UK’s Ice exchange surged 48% in September to…
Read moreTSO sees UK winter gas demand slightly down at 49.4bcm
(Montel) The UK will consume 49.4bcm of natural gas this winter, 1.3bcm lower than last winter and marginally…
Read moreNordic Q1 power drops EUR 3 as German prices tumble
(Montel) The Nordic Q1 power contract fell more than EUR 3 early Thursday, extending losses from the…
Read moreCarbon seen tracing bumpy road to EUR 100/t this decade
(Montel) European carbon prices are likely to land somewhere between EUR 80-100/t by 2030, according to some…
Read moreOil prices slip after rise in US crude inventories
(Montel) Crude oil prices traded lower early on Thursday after an unexpected increase in US crude and gasoline…
Read moreGerman spot power eyes EUR 60 drop as supply increases
(Montel) German day-ahead power prices were set to shed over EUR 60 from record highs on Thursday…
Read moreEC warns against ad hoc interventions in carbon market
(Montel) The European Commission warned against intervening in the ETS carbon market to try to mitigate soaring prices…
Read moreEnergy should not become "weaponised" – US energy secretary
(Montel) The US energy secretary is watching Europe’s energy crisis with concern and is “aware” of concerns about…
Read morePutin claims Russia prepared to raise gas exports
(Montel) Russia is prepared to increase gas supply to Europe, if requested and is already likely to…
Read moreECJ dismisses Tempus challenge of Polish capacity market
(Montel) The European Court of Justice (ECJ) on Wednesday dismissed a challenge by the UK’s Tempus Energy against…
Read moreCO2 rally to provide EUR 30bn for EU governments this year
(Montel) European governments will see their revenue from the EU ETS double off pre-pandemic levels this year,…
Read moreEnergy prices plunge on “broken” gas market
(Montel) European energy prices dived on Wednesday after hitting fresh highs, as the gas market erased gains in…
Read moreHigh prices prompt EC to review power market design
(Montel) The European Commission plans to review the EU’s wholesale power market design as part of its response…
Read moreTinkering with ETS has limited impact on power prices – EC
(Montel) Tinkering with the EU’s carbon market would have limited impact on countering soaring power prices, said European…
Read moreGerman power prices tumble after “panic buying”
(Montel) German power futures retreated from contract highs reached earlier on Wednesday, taking a cue from similar moves…
Read moreUK grid can operate without coal from 2025 – TSO CEO
(Montel) The UK’s power system can operate without coal from mid-decade despite the dirty fuel proving vital…
Read morePrompt gas soars to EUR 160 on cold, fewer renewables
(Montel) European day-ahead gas shot up to new records at EUR 160/MWh on Wednesday, as dipping temperatures…
Read moreNord Stream 2 can challenge EU directive – adviser
(Montel) The operator of the Nord Stream 2 gas pipeline is entitled to challenge an EU gas…
Read moreGas is fastest, easiest way to decarbonise – Shell
(Montel) Switching from coal to gas-fired generation is the quickest near-term solution for decarbonisation, while “coordination” was…
Read more5 EU nations urge reforms amid energy price crisis
(Montel) Europe must “reform” its wholesale power market to better reflect national production costs in the price paid…
Read moreTSOs earn EUR 13m “bottleneck income” from UK-Norway cable
(Montel) TSOs National Grid and Statnett have earned EUR 13m in “bottleneck income” so far during commercial trial…
Read moreCarbon prices plunge 7% amid political intervention fears
(Montel) Europe’s benchmark carbon contract fell 7% on Wednesday morning amid mounting concerns exploding power and fuel costs…
Read moreEU ministers win backing for “predictable” carbon prices
(Montel) A group comprising five European finance ministers has proposed to address Europe’s exploding energy costs by ensuring…
Read moreNordic power rises as German prices skyrocket
Nordic power futures closer in rose on Wednesday, with the November contract rising over EUR 1, as…
Read moreIndian blackout threat unlikely to spur coal import spike
(Montel) Indian coal-fired power plant stocks are on average sufficient for just four days’ generation, raising the…
Read moreSpain set to probe drop in green generation
(Montel) The Spanish government has asked the country’s regulator to investigate a drop in renewables generation after emergency…
Read moreGerman power soars past EUR 300 as fuels rally
(Montel) The German power front-month contract soared over 20% on Wednesday, buoyed by an “insane” rally across energy…
Read moreEC to propose tax cuts, PPAs to tackle energy “price shock”
(Montel) Lower taxes and promoting more longer-term power purchase agreements (PPAs) are options the European Commission will present…
Read moreGerman spot power set to hit eye-watering EUR 335
(Montel) German day-ahead power looked set to nearly double from already triple-digit prices and hit an unprecedented…
Read moreOil prices hold near multi-year highs amid “energy crunch”
(Montel) Crude oil prices hovered near multi-year highs early on Wednesday amid supply constraints across the global energy…
Read moreCarbon nears record highs on relentless gas surge
(Montel) European carbon prices staged a late rally on Tuesday boosted mainly by continental gas markets surging to…
Read moreFrance moves to improve acceptance of wind power
(Montel) French energy minister Barbara Pompili on Tuesday set out measures aimed at improving local acceptance of wind…
Read moreGas, coal continue rally amid global shortage
(Montel) European gas and coal prices continued to rise on Tuesday, as the “global scarcity” of the fuels…
Read moreEEX, Nasdaq label European power markets “stressed”
(Montel) EEX and Nasdaq Commodities have labelled European power futures contracts as “stressed” markets due to high volatility,…
Read moreRepsol raises 2030 renewables goal by 60%
(Montel) Spanish energy firm Repsol has raised its renewable power capacity goal by 60%, aiming to have 20…
Read moreIndonesia sets October coal price at a new record high
(Montel) The world’s largest thermal coal exporter, Indonesia, has set its October coal reference price at a…
Read moreGerman power front month soars EUR 55 on tight market
(Montel) German power contracts soared to new records on Tuesday amid a still-tight market, with prices on the…
Read moreSurging fossil fuel prices seen as renewables “opportunity”
(Montel) Surging fossil fuel and power prices should be considered an opportunity to justify renewables and encourage…
Read morePrompt gas spikes above EUR 110 to fresh record
(Montel) Near term European and UK gas prices surged to a fresh record above EUR 110/MWh on…
Read moreCoal soars USD 23 amid supply dearth
(Montel) Front-month European coal prices jumped USD 23 in Tuesday trading to a new multi-year high, as…
Read moreNordic Q1 power jumps EUR 7 on German gains, drier outlook
(Montel) The Nordic Q1 power contract gained more than EUR 7/MWh in early Tuesday trading in response to…
Read moreGerman regulator fines trading firms for market manipulation
(Montel) Germany’s energy regulator BNA has imposed fines on power trading companies Energi Danmark and Optimax Energy –…
Read moreEU seeks temporary, targeted response to high energy prices
(Montel) Rising energy prices need a "temporary and targeted" response that respects the EU's single market and state…
Read moreGerman spot power set to rise on lower imports from France
(Montel) German day-ahead power prices looked set to rise by around EUR 17 on Tuesday amid expectations that…
Read moreDenmark approves permit for operation of NS2 string
(Montel) The Danish Energy Agency has approved the operation of the second string of the 55bcm/year Nord Stream…
Read morePoland urges EC probe of Gazprom gas supply issue
(Montel) Poland has urged the European Commission to probe Russian energy firm Gazprom’s alleged policy of “cutting supply…
Read moreWTI oil near 7-year high as Opec+ sticks to quota plan
(Montel) US oil prices remained near a seven-year high on Tuesday as the Opec+ cartel declined to accelerate…
Read moreExperts question UK plans to go 100% green by 2035
(Montel) UK plans to be “net zero” by 2035 – as announced by business secretary Kwasi Kwarteng –…
Read moreCoal at fresh high as supply concerns linger
(Montel) European coal prices hit fresh record highs on Monday amid ongoing supply shortages, pushing up gas.…
Read moreNord Stream 2 clears one German permission hurdle
(Montel) The controversial Nord Stream 2 pipeline from Russia to Germany has crossed one of the last permission…
Read moreGermany may face capacity gap of over 50 GW by 2030 – Timera
(Montel) Germany could face a power capacity gap of over 50 GW by 2030 if it exits all…
Read moreGreece wants ETS revenues used to mitigate high energy price
(Montel) Greece wants EU environment ministers to discuss using revenues from selling ETS allowances to help mitigate high…
Read moreEurope leads H2 with 40% of global capacity – IEA
(Montel) Europe is leading development of low carbon hydrogen with more than 140 MW of a total of…
Read moreGerman power spirals EUR 13 to new record
(Montel) German front-year power extended its record high on Monday after gaining more than EUR 13 on the…
Read moreSpanish power prices rise on less wind, lofty gas
(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production, while…
Read moreEU ministers to discuss ETS speculation on Wednesday
(Montel) EU environment ministers are set to discuss speculation in the bloc's carbon market as part of a…
Read moreGas prices near record on cooler weather, supply concerns
(Montel) European gas prices came close to record highs on Monday due to continued global supply concerns…
Read moreShell eyes 700 MW solar development in the UK
(Montel) UK energy giant Shell and UK renewable energy developer Island Green Power have signed a framework agreement…
Read moreNot transiting Russian gas flows to Hungary – Ukraine
(Montel) Ukrainian gas system operator TSOUA on Monday denied reports that it has resumed the transit of gas…
Read moreGerman renewable capacity expands 554 MW in August
(Montel) Germany added 554 MW of renewable capacity to the grid in August, data from the country’s BNA…
Read moreStatkraft acquires 350 MW of wind farms in Germany, France
(Montel) Norway’s Statkraft has acquired the wind portfolio of Breeze Three Energy in Germany and France, accumulating…
Read moreRenewables take 25% share of UK September power output
(Montel) Renewable power sources in September still accounted for around a quarter of UK’s power mix last…
Read moreNordic Q1 power jumps 9% on drier outlook
(Montel) Nordic power futures extended Friday’s gains on Monday, with the Q1 contract rising EUR 6, or 9%,…
Read moreOX2 plans up to 400 MW wind farm in Finland
(Montel) Swedish renewables developer OX2 plans to launch a 150-400 MW onshore wind farm in northwestern Finland by…
Read moreCoal prices soar with supply still tight
(Montel) European coal prices remained at their highest levels in well over a decade amid tight spot…
Read morePortuguese GO auction prices surge to EUR 1/MWh
(Montel) Prices for Portuguese guarantees of origin (GOs) for renewable power produced in 2021 soared 133% to EUR…
Read moreGerman spot power steadies on rising demand and wind output
(Montel) German day-ahead power prices looked set to hold steady on Monday as rising demand offsets more wind…
Read moreEuropean spot power prices turn negative on wind, rain
(Montel) Hourly spot prices hit negative territory across several European markets, including the Nordic region, in the early…
Read moreOil softens ahead of Opec decision on quotas
(Montel) Oil prices were trading softer on Monday, after surging to a three-year high on Friday, ahead of…
Read moreUK power will be 100% green by 2035 – Johnson
(Montel) UK prime minister Boris Johnson is set to reveal a new target that all the country’s electricity…
Read moreGazprom gas exports to Europe jump 16% in Jan-Sept
(Montel) Gazprom's gas exports to Europe rose 16% year on year in the first nine months of the…
Read moreGazprom’s September gas auction sales drop 9%
(Montel) Russian energy firm Gazprom’s gas sales to European customers via auction last month dropped 9% on the…
Read moreCoal jumps to new highs on supply concerns
(Montel) European coal prices jumped to fresh multi-year highs on Friday as the tightness in short-term supplies and…
Read moreFrench suppliers warn of bankruptcies if prices capped
(Montel) French government measures to cap gas and power bills amid soaring wholesale prices will distort competition and…
Read moreFrance may reach early decision on new reactors – minister
(Montel) France could make a decision on the construction of six new generation European pressurised reactors (EPRs) earlier…
Read moreEesti Energia starts assessment of 1 GW wind farm
(Montel) Estonian electricity producer Eesti Energia has started an environmental impact assessment for a planned 1 GW offshore…
Read moreERG to buy 152 MW wind, solar portfolio in France, Germany
(Montel) Italian renewable energy operator ERG has agreed to buy a 152.4 MW renewable energy portfolio in France…
Read moreSpain's gas demand rises 3.6% in September
(Montel) Spanish gas consumption rose by 3.6% year on year in September to about 30.3 TWh on higher…
Read moreEU leaders to discuss energy prices at 21-22 October summit
(Montel) EU leaders will discuss high energy prices at their next summit on 21-22 October, said the European…
Read moreEurope seeks Australian coal amid supply shortfall
(Montel) European coal generators and traders have been seeking coal supplies from ever more distant origins, including…
Read moreEUAs to remain volatile as energy prices soar
(Montel) European carbon prices are expected to see continued volatility next week amid surging energy prices and renewed…
Read moreGermany set for a mild, windy October
(Montel) October was due to see mild and windy conditions in Germany, with minimal chance of a cold…
Read moreGermany sees fuel switch from gas to coal in Q3 – ISE
(Montel) After two years of burning more gas than hard coal during the summer, Germany accelerated coal-fired power…
Read moreSpain tax to cost EUR 3.2bn, curb green transition – experts
(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs could risk the country’s planned…
Read moreNordic power rebounds on slightly drier weather outlook
(Montel) Nordic power futures rebounded on Friday morning as weather forecasts indicated slightly drier conditions for the…
Read moreStatnett CEO plays down winter power shortage risk
(Montel) There is no risk of a power shortage in Norway this winter despite very low hydropower reservoir…
Read moreGas pulls back from EUR 100/MWh in volatile start to winter
(Montel) Benchmark European gas prices on the Dutch TTF hub briefly struck a record high EUR 100/MWh…
Read moreSpanish LNG imports set to double in October
(Montel) Spain’s LNG imports could double year on year to 28.1 TWh (2.5bcm) in October, TSO Enagas said…
Read moreGerman spot power to rise amid less wind, gas surge
(Montel) German spot power prices should rise next week amid lower wind and solar power output and…
Read moreCrude prices fall on possible Opec+ output quota increase
(Montel) Crude oil was slightly lower early on Friday amid the possibility that the Opec+ production group…
Read moreGas remains near highs as cold weather looms
(Montel) European gas contracts were trading near multi-year highs on Thursday, as the prospect of colder weather this…
Read moreGermany to see trend of zero-subsidy wind bids – experts
(Montel) Germany’s most recent offshore wind auction suggested zero-subsidy bids could become a trend amid growing developer confidence…
Read moreSpanish power generation falls 5% in September
(Montel) Spanish power generation fell 4.7% year on year in September to 19.4 TWh amid lower renewables production…
Read moreBarge shortage hampers coal plant supplies
(Montel) A lack of barges continues to hamper supply from northwest European seaports to inland coal-fired plants…
Read moreCO2 sell-off continues on demand concerns, technicals
(Montel) European carbon prices resumed a sell-off on Thursday to approach EUR 60/t amid mounting concerns about…
Read moreSoaring prices boost French nuclear outlook – analysts
(Montel) Soaring energy prices have improved the outlook for the future of nuclear power in France and could…
Read moreSteep coal backwardation highlights dearth – analysts
(Montel) Steep backwardation in the European coal market highlights the severe shortfall in spot cargoes, although it…
Read moreGO prices hit 2-year high on surging demand
(Montel) Prices for European guarantees of origin (GOs) hit a two-year high this week boosted by renewed demand,…
Read moreItaly’s GSE to offer 4.8 GW green capacity in 7th tender
(Montel) Italy’s state-owned energy services company GSE will tender just over 4.8 GW of new renewable energy and…
Read moreNorway to export power to UK as new 1.4 GW link comes online
(Montel) The first day-ahead auction on the new North Sea Link (1.4 GW) cable between the UK and…
Read moreGerman gas market merger to boost liquidity – analysts
(Montel) The merger of Germany’s NCG and Gaspool gas market hubs this week should boost liquidity, although…
Read moreFront-month gas prices extend highs as supply remains tight
(Montel) European front-month gas prices climbed to fresh highs on Thursday amid ongoing concerns about tight supply ahead…
Read moreEnergy transition will bring lower prices for all – Spain
(Montel) The EU's energy transition to climate neutrality will eventually bring lower power prices for all, said Spain’s…
Read moreNordic power prices fall on wet weather
(Montel) Nordic power contracts fell on Thursday on wet weather forecasts and despite soaring German power and gas…
Read moreNewcastle coal index scales new peak over USD 200
(Montel) The Pacific basin’s benchmark coal index has climbed to a fresh all-time high as a global…
Read moreHigher prices expected at Spanish green energy tender
(Montel) Prices at Spain’s 19 October renewable energy auction were likely to clear above those seen in its…
Read moreOil prices soften after large build in US crude stockpiles
(Montel) Crude oil prices traded weaker early on Thursday, following a significant increase in US crude inventories reported…
Read moreGerman spot power falls on strong green output, low demand
(Montel) German day-ahead power prices were set to drop on Thursday as forecasts pointed to robust green…
Read moreNorway to export 6 TWh to UK this winter
(Montel) The new North Sea Interconnector between Norway and the UK could see roughly 6 TWh of exports…
Read moreCarbon range-bound, gas rise continues
(Montel) European carbon prices traded sideways on Wednesday as they came off highs set the day before, yet…
Read morePolitical reaction to gas surge a “serious” concern – Acer
(Montel) The political reaction to Europe’s gas price surge could threaten the 27-member bloc’s internal energy market,…
Read moreCoal boom helps drive freight to new highs – analysts
(Montel) Booming global coal demand has helped to drive the Baltic Dry Index (BDI) – a bellwether…
Read moreNordic players express doubts over hourly tracking of GOs
(Montel) The introduction of hourly tracking of guarantees of origin (GO) may be unnecessarily complicated even if it…
Read moreSpain increases winter LNG reserve targets
(Montel) Spain has increased its mandatory LNG winter reserve from 3.5 to 5.5 days of equivalent consumption amid…
Read moreGerman Cal 22 power rallies amid gas price surge
(Montel) German front-year power continued its rise on Wednesday as gas prices came close to Tuesday’s highs, while…
Read moreMetals firms urge EC to monitor CO2 market, outages
(Montel) The EC should closely monitor outages and surging carbon prices amid the ongoing rally in electricity and…
Read moreHigh energy prices creating toxic political debate – MEP
(Montel) Current high energy prices are an "extremely toxic development" in the EU's political debate on how to…
Read moreDenmark to double power use by 2030 to meet climate target
(Montel) Denmark’s annual electricity demand is set to double to 64 TWh by 2030 to help cut its…
Read moreChina coal import plan to tighten “insane” market – analyst
(Montel) China’s plan to “moderately” increase coal imports to meet heightened demand this winter will potentially further…
Read moreSpain to see low wind and hydropower levels in October – EQ
(Montel) Spain will likely see a continuation of relatively low levels of wind and hydropower generation in the…
Read moreLong-term deals, oil indexation key to gas supply – group
(Montel) The securing of long-term supply contracts, coupled with gas pricing based on oil indexation, is “one…
Read moreNordic Q4 power falls EUR 5 on wetter outlook
(Montel) Nordic power futures fell on Wednesday, with the Q4 contract dropping more than EUR 5 as weather…
Read morePrices jump amid enduring gas supply concerns
(Montel) European gas prices rose sharply in early Wednesday trading, however falling short of Tuesday’s multi-year highs,…
Read moreCut levies, avoid damaging carbon market, urges power lobby
(Montel) National governments should cut taxes and levies on electricity and avoid measures that jeopardise the EU emissions…
Read moreMallnow gas flows recover but below expectations
(Montel) A recovery of Russian gas flows through the Mallnow entry point into Germany fell short of…
Read moreBrent crude retreats from 3-year high on inflation fears
(Montel) Crude oil prices slumped early on Wednesday as concerns about rising inflation and faster monetary policy tightening…
Read moreGerman spot power drops EUR 23 as renewables jump
(Montel) German day-ahead power prices looked set to tumble on Wednesday amid forecasts for stronger renewable generation,…
Read moreCarbon falls EUR 2 in late trade after fresh record high
(Montel) European carbon prices erased early gains and ended Tuesday’s session over EUR 2 down on profit-taking in…
Read moreAdriatic LNG offers 1.6bcm/year capacity for regasification
(Montel) Adriatic LNG has invited market operators to submit offers for long-term LNG regasification capacity at Italy’s largest…
Read moreUS coal exports tentatively resume following Hurricane Ida
(Montel) Coal exports from one of two US Gulf Coast terminals hit by Hurricane Ida damage in…
Read moreGas price risks skewed to upside this winter – Refinitiv
(Montel) European gas prices are more likely to extend record highs than tumble in the coming weeks,…
Read moreSome French energy firms fail to supply clients – regulator
(Montel) Some French energy firms are “no longer managing to supply their clients” due to soaring energy prices,…
Read moreCO2, gas hit new highs as markets “on fire”
(Montel) European carbon, gas and oil markets rose to new highs on Tuesday, with the gas and oil…
Read moreFrench reactors in "worst performance in decades" – report
(Montel) France’s fleet of reactors, Europe’s biggest, delivered their “worst performance in decades” last year, as outages spiralled…
Read moreHigh prices won’t derail German coal exit auctions – Enervis
(Montel) Germany’s fourth auction to close coal-fired power plant capacity is likely to be competitive despite record…
Read moreGlobal oil demand set to plateau after 2035 – Opec
(Montel) Global oil demand looks set to level off after 2035, as industrialised nations accelerate the transition to…
Read morePortugal grants aid to 34 MW green gas projects
(Montel) Portugal has awarded EUR 34m to 13 renewable gas projects with a total capacity of 34 MW,…
Read moreGerman power soars to new high on gas, CO2 bull run
(Montel) German front-year power soared near EUR 5 to a new high on Tuesday amid a continued bull…
Read moreSpanish spot power climbs to new high, forwards top EUR 200
(Montel) Spanish spot and forward power prices extended recent highs on Tuesday, with futures soaring past EUR 200/MWh,…
Read moreGas prices skyrocket to new highs on Russia supply “panic”
(Montel) European gas prices skyrocketed EUR 7 to new highs on Tuesday amid a halving of Russian…
Read moreCapital Energy, biotech firm sign 5-year Spanish wind PPA
(Montel) Capital Energy has signed a five-year power purchase agreement (PPA) with biotech company ADL BioPharma to supply…
Read moreDanish power trader Yggdrasil plans to expand EU operation
(Montel) - Danish trading firm Yggdrasil Commodities plans to expand its European power trading operations over the next…
Read moreNordic power futures rebound 5% on strong fuels, carbon
(Montel) Nordic power futures surged nearly 5% on Tuesday morning amid buoyant fuel markets and a fresh…
Read moreMallnow gas flows from Russia halve on Tuesday
(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany fell by more than…
Read moreCarbon extends record high on energy rally
(Montel) European carbon prices hit a record high on Tuesday for the third consecutive day of trading amid…
Read moreStatkraft sells Scottish wind farm for GBP 121m
(Montel) Norwegian power producer Statkraft has sold its 36 MW Andershaw wind farm in Scotland to infrastructure fund…
Read moreGerman spot power to fall 8% as wind output surges
(Montel) German day-ahead power prices looked set to fall around 8% on Tuesday, as forecasts showed wind output…
Read moreOil exceeds USD 80/bbl on signs of global supply crunch
(Montel) Oil prices exceeded USD 80/bbl for the first time in three years on Tuesday amid indications of…
Read moreTSO flags security of power supply issue in S Norway
(Montel) Norwegian TSO Statnett has warned of a “pressed” security of supply situation in the NO2 and NO5…
Read moreHungary, Russia sign gas deal for 4.5bcm a year
(Montel) Hungary has signed a 15-year supply deal with Russia to buy 4.5bcm of gas per year, with…
Read moreBASF cuts ammonia production amid high gas prices
(Montel) German chemicals company BASF has curtailed output at two ammonia plants in Germany and Belgium due to…
Read moreUKA gains may trigger December cost containment mechanism
(Montel) The September price rally for UK Allowances (UKAs) is raising the risk of the cost containment mechanism…
Read moreHigh prices may boost solar PPAs in Sweden – experts
(Montel) A recent surge in local power prices in Sweden could drive demand for long-term power purchase agreements…
Read moreGerman front-year power spirals EUR 5 to new record
(Montel) German front-year power spiralled near EUR 5 to hit a fresh record high on Monday as European…
Read moreGerman election delivers mixed reform outlook – experts
(Montel) The tight German election victory by the Social Democrats (SPD) offers only mixed prospects for an…
Read moreFront-month gas jumps EUR 4 as supply conerns persist
(Montel) European front-month gas jumped EUR 4 on Monday as seasonal supply concerns fuelled bullish sentiment despite indications…
Read moreSpanish spot power soars as front year extends highs
(Montel) Spanish spot power prices were set to rise this week amid expectations of less wind production and…
Read moreTight coal market to extend 13-year highs
(Montel) European coal prices surged to their highest levels in 13 years, as favourable generation margins and…
Read moreNordic front power slides EUR 1 on wet outlook
(Montel) Nordic front power contracts fell around EUR 1 on Monday as wet weather was expected during the…
Read morePower market volatility spurs longer term hedging – EEX
(Montel) Volatility in the power markets has led to longer term hedging in recent years, with some participants…
Read moreCarbon surges to new high amid energy’s bull run
(Montel) Europe’s benchmark carbon price hit a new record high on Monday – after surpassing EUR 64/t late…
Read moreGerman spot power to jump EUR 16 as wind output halves
(Montel) German day-ahead power prices looked set to jump almost EUR 16 on Monday, with wind output forecast…
Read moreOil hovers around 3-year high on supply tightness
(Montel) Crude was hovering around a three-year high amid an ongoing tightness in supply, while a rally in…
Read moreGerman SPD vows to tackle climate change after narrow win
(Montel) Germany's Social Democrat party (SPD) has narrowly won the country's general election – according to preliminary results…
Read moreGas pares losses as carbon climbs
(Montel) European gas contracts pared early losses on Friday afternoon as a supportive carbon market put them…
Read moreLatvia to take legal action over Lithuanian power boycott
(Montel) Latvia is planning to take legal action over a recent decision by neighbouring Lithuania to cut physical…
Read moreGerman gas provider stops deliveries amid price surge
(Montel) German gas provider Deutsche Energiepool has stopped delivering gas to its customers amid soaring prices for the…
Read moreGerman power front year rises on bullish coal and carbon
(Montel) Germany’s front-year power contract gained nearly EUR 1 on Friday amid rising fuel and carbon prices.…
Read moreUnhedged energy retailers most vulnerable to price spikes
(Montel) A surge in gas and power prices across Europe is threatening the solvency of smaller energy retailers…
Read moreGas prices rise as fundamentals remain bullish
(Montel) European gas prices rose on Friday, as the overall fundamental market situation remained bullish amid low storage…
Read moreEUAs seen consolidating in tight range
(Montel) European carbon prices are expected to consolidate in a tight range next week awaiting fresh developments that…
Read moreEnefit Green plans 75 MW Lithuanian wind farm
(Montel) Estonian renewables firm Enefit Green will build a 75 MW onshore wind farm in Lithuania, it said…
Read moreItaly August power demand rises 3% to 26.8 TWh on year – TSO
(Montel) Power demand in Italy rose nearly 3% year on year to 26.8 TWh in August and was…
Read moreMild, windier weather forecast for Germany in October
(Montel) Germany should see predominantly mild weather next month, with wind production steadily strengthening, forecasters said in four-week…
Read moreSweden ups transmission capacity but more cuts possible
(Montel) Swedish TSO Svenska Kraftnat will increase available power transmission capacity on a number of its interconnectors from…
Read moreGerman spot power to rise next week amid muted wind
(Montel) German spot power prices should edge higher next week amid continued below-normal wind, slightly cooler temperatures…
Read moreGerman election polls point to stiffer climate action
(Montel) Germans will choose a new government this Sunday in an election set to produce a range…
Read morePolish wind output hits new high at 5.9 GW
(Montel) Polish wind power output hit a record high of 5,947 MW on Thursday at 21:00 CET, according…
Read moreCrude prices near 3-year high on supply concerns
(Montel) Crude oil approached a three-year high early on Friday, as concerns about supplies resulting from US…
Read morePolish miner plans up to 0.9 GW of nuclear capacity
(Montel) Polish copper miner KGHM has signed a deal with US firm NuScale Power to develop and build…
Read moreCoal hits multi-year highs on supply worries
(Montel) European coal prices extended recent multi-year highs on Thursday amid supply concerns and lingering support from the…
Read moreEU offshore wind to expand at “rapid pace” to 2030 – Rystad
(Montel) Offshore wind was expanding at a “rapid pace” in Europe, with most countries with a coastline planning…
Read moreWind GOs edge higher amid diminished output
(Montel) European wind guarantees of origin (GO) prices inched up over the last week amid healthy demand and…
Read moreSpot gas continues fall on improving supply, wind
(Montel) European spot gas prices continued their fall on Thursday amid expectations of increased supply and robust…
Read moreGerman front-year power rebounds with carbon, strong coal
(Montel) German front-year power lost up to EUR 2.24 on Thursday in early trading amid lower gas prices…
Read moreTurquoise H2 cheaper, more efficient than green – Gazprom
(Montel) Russia’s Gazprom considers the production of turquoise hydrogen from imported natural gas in Europe a cheaper, more…
Read moreUK’s increased coal burn unlikely to delay closures
(Montel) The UK’s heightened dependence on coal this month to meet power supply requirements seems unlikely to…
Read moreCoal logistics constraints threaten power plant supply
(Montel) Tight spot coal availability, strong demand and limited logistics capacity are threatening some supplies to German…
Read moreNordic front power dives EUR 4 on wet outlook
(Montel) Nordic power for October and Q4 dived more than 5%, or EUR 4, on Thursday morning amid…
Read moreNewcastle coal prices near all-time high
(Montel) The Pacific basin’s benchmark coal index gained another 3% this week to bear down on its…
Read moreFrance will not raise Arenh to combat price hikes – minister
(Montel) France will not seek to raise the volume of nuclear power sold at the Arenh rate to…
Read moreWind meets 50% of beleaguered UK power output
(Montel) Wind power has returned with a vengeance to the beleaguered UK power mix, meeting more than…
Read moreLess wind, solar drive German spot power back above EUR 100
(Montel) German day-ahead power prices rose on Thursday as forecasts pointed to a retreat in especially strong…
Read moreBrent crude oil prices rise to 10-week high
(Montel) Brent crude oil prices rose to their highest since mid-July on Thursday morning, largely thanks to a…
Read moreEC to publish policy toolbox to tackle high energy prices
(Montel) The European Commission plans to publish a “structured toolbox” to help national governments react to high power…
Read moreCoal resumes uptrend on tight supply
(Montel) European coal prices recovered ground in Wednesday afternoon trading, following profit-taking earlier in the session, as…
Read morePower, gas price surge forces French industry output cuts
(Montel) Surging wholesale power and gas prices have forced some industrial firms in France to slash output while…
Read moreGas volatility drives traders to exchange trading – EEX
(Montel) Recent extreme volatility on the gas market has driven traders to shift volumes away from OTC to…
Read moreGas to remain vital in energy transition to 2040 – Rystad
(Montel) Europe would need to rely on natural gas as part of its ongoing energy transition up to…
Read moreGerman green hydrogen output may top 44 TWh – study
(Montel) Germany’s potential annual green hydrogen production could exceed 44 TWh if it expanded offshore wind capacity…
Read moreUK allocates GBP 200m to fund industry emissions cuts
(Montel) The UK government has announced investment of GBP 200m to help energy intensive companies cut their use…
Read moreGerman power curve dives EUR 6 on weaker gas, high wind
(Montel) German curve contracts dived up to EUR 6 on Wednesday driven by lower gas prices and forecasts…
Read moreMild winter would rebalance gas market – IEA
(Montel) A mild to normal winter would ease a supply squeeze in Europe’s gas markets and rein in…
Read moreItaly won't reach 2030 renewable target until 2090 – lobby
(Montel) Italy will fail to reach its 2030 renewable capacity target before 2090 unless it completes new green…
Read morePortugal unveils plan to curb soaring energy prices
(Montel) Portugal has announced an EUR 815m plan to curb spiralling energy prices.…
Read moreEnergy ministers to discuss response to high prices
(Montel) EU energy ministers plan to discuss the recent price rises for electricity and natural gas at an…
Read moreChina’s low coal stocks will buoy global prices – producer
(Montel) China will continue to face low coal stocks ahead of winter, spurring demand for imports and…
Read moreNordic October power plummets EUR 8.70 on fuels sell-off
(Montel) Nordic front-month power plunged 11%, or EUR 8.70, to EUR 69.70/MWh on Wednesday, depressed by a general…
Read moreUS fails to respond to coal price surge – exporter
(Montel) US thermal coal exports will likely remain close to 2019 levels this year as challenges to…
Read moreExperts dismiss call to reduce Norway power exports
(Montel) Norway’s new government would face legal and political obstacles to curb power exports if the aim was…
Read moreGerman spot power to dive EUR 63 as wind power triples
(Montel) German day-ahead power prices looked set to plunge on Wednesday amid expectations of soaring wind power…
Read moreOil prices rise amid further signs of tightening US supply
(Montel) Oil prices rose around 1% early on Wednesday after US industry data suggested a further tightening of…
Read moreGas drives dip in energy complex
(Montel) European energy prices dipped on Tuesday, driven by a decline in gas amid low demand and market…
Read moreSpanish measures may hit investor confidence in power sector
(Montel) Emergency government measures in Spain to tackle rising prices could hit investor confidence in the power sector,…
Read moreEnergy price rises need detailed analysis – EC
(Montel) The recent energy price rises need detailed analysis before talking about solutions, a senior European Commission official…
Read moreEurope has 49 GW of excess fossil fuel capacity – report
(Montel) Europe could retire 48.8 GW of excess fossil fuel capacity across its power plant fleet without…
Read moreGerman front-year power rises as gas surge continues
(Montel) German front-year power rose on Tuesday as a current surge in the European gas market continued, though…
Read moreGerman lignite plants may be unprofitable by 2030 – study
(Montel) Lignite-fired power plants in eastern Germany could become unprofitable by 2030, eight years ahead of the nation’s…
Read moreHigh UK power prices show need for cleaner energy – Ember
(Montel) Soaring electricity prices in the UK underline the need for it to drop its reliance on fossil…
Read morePrompt gas prices extend gains on dour flow outlook
(Montel) European gas contracts extended the previous session’s 10% surge on Tuesday morning as market participants digested…
Read moreLNG demand may soar 91% by 2040 – Rystad
(Montel) Global LNG demand could soar 91% by 2040, from current levels, led by an anticipated surge…
Read moreNordic October power jumps as hydropower supply worsens
(Montel) Nordic near-term power futures continued to gain on Tuesday, as dry weather forecasts indicated a tightening…
Read morePipeline auctions cloud outlook for gas flows to Europe
(Montel) Disappointing bookings for pipeline capacity via Ukraine and Poland have raised the risk of a significant…
Read moreGerman spot power set to fall on higher green output
(Montel) German day-ahead power prices looked set to shed around EUR 1 on Tuesday, as forecasts showed rising…
Read morePoland refuses to halt mine supplying 2 GW Turow plant
(Montel) The Polish government is refusing to halt a lignite mine that feeds utility PGE’s nearby 2 GW…
Read moreCoal market to remain tight this winter – Noble
(Montel) The global coal market is likely to remain tight over the winter months as high gas…
Read moreRWE mulls appeal to refusal of Belgian 920 MW gas plant
(Montel) German utility RWE may appeal a decision by the Flemish energy minster to deny the company…
Read moreOil prices fall amid China economic concerns
(Montel) Oil prices were falling on Tuesday amid concerns over slowing economic growth in China, highlighted by a…
Read more“No question of lights going out” – UK minister
(Montel) The UK has “sufficient capacity” to meet energy demand this winter with “no question of the lights going out”,…
Read moreSpain warns power price surge could derail EU green plans
(Montel) The current rally in power markets could threaten the EU’s decarbonisation plans, the Spanish government said on…
Read moreCO2 erases early losses on energy gains
(Montel) European carbon prices rose on Monday after trading most of the session in negative territory, supported by…
Read moreFrance urged to boost Arenh supply to prevent price hike
(Montel) France should raise the amount of nuclear power sold at the EUR 42 Arenh rate to 150…
Read moreECJ fines Poland on refusal to halt lignite mine
(Montel) The European Court of Justice on Monday fined Poland EUR 0.5m a day for ignoring its order…
Read moreOrsted, Uniper sign deal on German green hydrogen plans
(Montel) Energy companies Orsted and Uniper have signed a memorandum of understanding to develop large-scale hydrogen projects that…
Read moreGas prices soar EUR 7 as Gazprom failure stokes fears
(Montel) European gas prices jumped nearly EUR 8 on Monday – though remained off record highs hit last…
Read moreGerman gas storage may top 90% by early November – lobby
(Montel) German gas storage may reach more than 90% of capacity by early November despite current low levels,…
Read moreGazprom fails to book extra gas transit capacity via Ukraine
(Montel) Russia's Gazprom has failed to book additional gas transit capacity via Ukraine to European destinations for…
Read moreGerman power curve rises as gas rally shows no let-up
(Montel) German curve contracts rose on Monday as the gas rally showed no let-up with fuel prices up…
Read moreNorway to increase gas production by 2bcm
(Montel) Norwegian energy company Equinor and its partners will increase gas production from the Oseberg and Troll…
Read moreSupply concerns underpin coal prices
(Montel) European coal prices began the week on a timid note but remained close to recent multi-year…
Read moreSpanish windfall tax risks 4 GW green goal – Naturgy
(Montel) Spanish utility Naturgy said the firm’s plan to build 4.2 GW of green capacity domestically was…
Read moreNordic power futures rebound on drier outlook
(Montel) Nordic power futures prices rose on Monday as a drier weather outlooked coupled with buoyant spot and…
Read moreUK asset manager acquires 57 MW energy storage project
(Montel) UK asset manager Gore Street Energy Storage Fund has increased its portfolio to 577 MW following the…
Read moreGermany’s Rewe signs 10-year PPA with Orsted
(Montel) German food retailer Rewe has signed a 10-year power purchase agreement (PPA) with Denmark’s Orsted for supply…
Read moreVattenfall to quadruple wind, solar capacity by 2030
(Montel) Swedish energy group Vattenfall plans to quadruple its wind and solar capacity by 2030 in a bid…
Read moreOil falls on stronger dollar, returning US supply
(Montel) Oil prices were falling on Monday – extending losses from the prior session – as the US…
Read moreUK energy firms in crisis talks over soaring prices
(Montel) UK energy firms are to hold crisis talks with the government on Monday amid soaring energy prices…
Read moreGas rebounds amid “unprecedented volatility”
(Montel) European gas prices were rebounding on Friday amid “unprecedented volatility” in the market with sharp losses seen…
Read moreMEP leading carbon border tax debate wants wide scope
(Montel) The Dutch MEP picked to lead the European Parliament’s debate on the carbon border adjustment mechanism (CBAM)…
Read moreGermany to slowly add renewables to “redispatch 2.0” – TSO
(Montel) Germany’s new "redispatch 2.0" mechanism to ease grid bottlenecks will only gradually integrate the country’s massive renewables…
Read moreGerman front power falls further amid more wind, lower gas
(Montel) German power for delivery next month and next year dropped on Friday, as higher wind power generation…
Read moreGas rally may extend German coal burn into winter
(Montel) German power plants looked set to continue burning coal into winter if gas prices remained at current…
Read moreCarbon eyes EUR 60/t as option expiry looms
(Montel) European carbon prices would likely gravitate towards EUR 60/t next week under influence of expiring options…
Read moreTTF gas prices rise amid concerns about Russian supply
(Montel) European gas prices rose on Friday amid market concerns that Russia’s Gazprom would book no additional…
Read moreEpex may raise UK day-ahead power price cap
(Montel) European power exchange Epex Spot may raise the GBP 3,000 price cap for the UK’s wholesale day-ahead…
Read moreNordic power continues sell-off on wetter weather outlook
(Montel) Nordic power futures extended the previous day’s slide on Friday morning as forecasts for wetter weather eased…
Read moreUniper mulls restarting 160 MW Bavarian pump storage unit
(Montel) German utility Uniper is assessing a restart of its idled Happurg pump storage unit (160 MW), with…
Read moreWave of consolidation seen for small French power suppliers
(Montel) Spiralling wholesale power prices will trigger a wave of consolidation among France's independent power suppliers, drastically reducing…
Read moreGerman spot power to ease from records next week
(Montel) German spot power prices looked set on Friday to pull back from recent records to average…
Read moreEnea’s power output jumps 18% in H1 to 12.2 TWh
(Montel) Polish state-run utility Enea generated 12.2 TWh from its mainly coal-fired fleet in January-June, 18% more than…
Read moreCrude prices fall on returning output in Gulf of Mexico
(Montel) Crude oil was slightly lower early on Friday, as Gulf of Mexico production facilities gradually returned…
Read moreAustria will be major power exporter from 2030 – analysts
(Montel) Austria will flip from its present electricity import dependence to become a major exporter under its…
Read moreEuropean gas contracts continue to correct lower
(Montel) European gas prices were falling in Thursday trading as contracts across the curve continued to correct lower.…
Read moreItaly to build new 300 MW Austria interconnector by 2023
(Montel) Italian TSO Terna is planning to build a new 300 MW interconnector with Austria, which will become…
Read moreGreen group objects to Nord Stream 2 permit
(Montel) German environmental group DUH has objected to a decision by the country’s federal maritime agency (BSH)…
Read moreGerman front-month power plunges as much as EUR 12
(Montel) Germany’s front-month power contract dived as much as EUR 12 on Thursday as windier, milder weather forecasts…
Read moreFrance selects 10 bidders for 1st floating wind farm
(Montel) France has selected 10 candidates, including energy firms EDF, Total, Engie, Vattenfall and Shell, to build Europe’s…
Read moreSpanish measures could slow green power growth – lobbies
(Montel) Some renewable energy plants in Spain may have to shut down in autumn and winter as emergency…
Read moreGO prices soar amid rising power, less supply
(Montel) Prices for European guarantees of origin (GOs) continued to rise this week amid buoyant power markets and…
Read moreNorway regulator approves trading licence for UK link
(Montel) Norway’s energy regulator has granted Nord Pool a one-year licence to organise cross-border trading between Norway and…
Read moreGas prices slide in correction as volatility reigns
(Montel) European gas prices slid nearly EUR 9 on Thursday before reversing some of their losses, correcting…
Read moreNorway cable curbs UK power prices – Volue
(Montel) Power flows to the UK from Norway on the new 1.4 GW North Sea Link (NSL) interconnector…
Read moreUK day-ahead power drops sharply, with lower gas
(Montel) UK day-ahead power prices dropped sharply on Thursday as the prospect of higher wind generation, more…
Read moreNordic power futures dive EUR 8 on weaker German prices
(Montel) Nordic power futures fell significantly on Thursday, with the October and Q4 contracts dropping more than EUR…
Read moreItalian PPAs may need a few more years to thrive – experts
(Montel) The Italian power purchase agreement (PPA) market may still need a few years to thrive despite new…
Read moreExchanges raise margin calls in volatile power market
(Montel) Exchanges Nord Pool and Nasdaq have demanded more collateral from their members amid a recent surge in…
Read moreAsia-Pacific coal prices extend multi-year highs
(Montel) Pacific-basin benchmark coal prices have again achieved fresh 13-year highs, with no sign of Chinese import…
Read moreUK’s Drax plant brings back coal-fired units
(Montel) UK independent generator Drax will again operate its coal-fired units this week, after announcing <a href="/News/Story.aspx?id=1201538&highlightCsv=">an…
Read moreEDP signs 15-year green PPA with Procter & Gamble
(Montel) EDP has signed a 15-year power purchase agreement (PPA) with US multinational Procter & Gamble for the…
Read morePolish minister opposes plan for single coal plant entity
(Montel) Poland should not merge all coal-fired plants in one entity, as the plan would not be accepted…
Read moreGerman spot power to weaken as solar output rises
(Montel) German day-ahead power prices on Thursday looked set to fall from recent highs as stronger solar…
Read moreOil prices hold steady amid demand optimism
(Montel) Oil prices traded a shade firmer early on Thursday amid hopes of robust demand growth next year…
Read moreUK-France cable to remain at half capacity until March
(Montel) The 2 GW IFA1 interconnector linking France and the UK will operate at half capacity until…
Read moreCarbon trades sideways as gas surges
(Montel) European carbon prices moved sideways in Wednesday trading amid little buying interest, ignoring sharp gains in…
Read moreH2 pipeline transport cost similar to natural gas – TSO
(Montel) The cost of transporting hydrogen through pipelines around Europe would be similar to natural gas, a TSO…
Read moreOTC gas trading volumes drop 4% in August – Leba
(Montel) Traded gas volumes in European brokered markets fell 4% year on year in August, spearheaded by…
Read moreMatrix, Horus to develop 420 MW solar projects in Italy
(Montel) Matrix Renewables and Italian asset manager Horus Green Energy are planning to jointly develop about 420 MW…
Read moreGerman power curve sets new records on gas price spike
(Montel) Contracts along the German power curve saw massive gains on Wednesday, as intensifying fears of a winter…
Read moreItalian power price linked to gas until 2030 – experts
(Montel) European gas prices will continue to dictate the fluctuations of Italian electricity prices for the next decade…
Read moreUK-France cable fire may spark new price highs – analyst
(Montel) UK power prices are set to soar further over the coming days, in the wake of…
Read moreUK-France cable offline until 13 October due to fire
(Montel) The 2 GW IFA1 interconnector linking France and the UK will likely remain offline until 13…
Read moreGas prices soar on market concerns over fire, storm, LNG
(Montel) European gas prices soared on Wednesday, as a fire at a French-UK power interconnector exacerbated market…
Read moreFrance approves route of 2.2 GW interconnector with Spain
(Montel) France has approved the route of a 2.2 GW interconnector with Spain, which will double total interconnection…
Read moreGermany faces “critical” power crunch without reforms – BDEW
(Montel) Germany faces a “critical” power supply crunch if the next government doesn’t quickly speed up the country’s…
Read morePower hurtles higher as “panic” drives gas market
(Montel) Benchmark European power prices hurtled higher on Wednesday morning as fear of a possible gas shortage…
Read more2 GW UK-France cable offline as fire hits convertor station
(Montel) The 2 GW IFA1 interconnector linking France and the UK was offline as a fire hit…
Read moreNordic October, Q4 power jump 9% on growing supply fears
(Montel) Nordic power futures extended contract highs early on Wednesday amid growing concerns about tight supply ahead…
Read moreSpain tax will blow EUR 65/MWh hole in earnings – utilities
(Montel) Emergency measures approved by the Spanish government to curb spiralling power costs will slash earnings for nuclear…
Read moreNorway’s gas exports rise 15% in August
(Montel) Norwegian gas exports rose 15% year on year in August to 9.4bcm, contributing to record revenues, Statistics…
Read moreAnalysts revise up 2021 US gas price outlook by 5.4%
(Montel) Economic analysis firm FocusEconomics has revised up its forecast for average US benchmark Henry Hub gas…
Read moreGerman spot power retreats from high with more wind
(Montel) German day-ahead power prices fell on Wednesday, as greater wind output looked set to pull the…
Read moreIndonesia coal exports drop to 9-month low
(Montel) Indonesia exported 1.1m tonnes/day of the fuel in July, the lowest level since October 2020, amid…
Read moreNordic power set for further gains ahead of winter – traders
(Montel) Nordic power futures looked set to extend contract highs ahead of winter amid tight hydropower supply and…
Read moreOil extends gains after report of large US inventory draw
(Montel) Oil prices rose early on Wednesday, extending this week’s gains after an industry report showed a large…
Read moreEdison, Snam join plan to build three green hydrogen plants
(Montel) Italian power company Edison and gas TSO Snam have joined forces with engineering firm Saipem and renewable…
Read moreCoal slips from highs on profit-taking
(Montel) European prompt coal prices retreated sharply from their highest levels in more than a decade amid…
Read moreGreen H2 may meet 12% of energy demand – expert
(Montel) Demand for green hydrogen may account for 12% of total energy needs in a carbon-neutral world, an…
Read moreEnergy transition to drive price volatility – analyst
(Montel) EU policies to push power and industrial sectors to use low carbon and renewable fuels will drive…
Read moreBalancing market fuels UK power price surge
(Montel) UK power generators sitting out of the wholesale market to achieve higher prices in the national balancing…
Read moreHigh gas prices show need to speed up renewables – EC
(Montel) Current high gas prices show the need to speed up switching to renewables to reduce dependency on…
Read moreSurging gas propels Europe’s power markets to new highs
(Montel) Power prices across Europe have been notching up fresh record highs on a daily basis in…
Read moreGerman Cal 22 power reaches new high with gas, spot
(Montel) The German front-year power contract spiked to another record high on Tuesday, buoyed by strong gas…
Read moreAbandoned coal plant plans total China’s capacity – report
(Montel) The world has slashed a pipeline of plans to build coal-fired power plants by 76% since…
Read moreSpain approves windfall tax to curb soaring prices
(Montel) The Spanish government passed several measures on Tuesday to curb spiralling energy prices, including a windfall tax…
Read moreFrance faces an “expensive” winter as gas prices surge
(Montel) France is likely to face a costly winter with tight power supply and surging gas prices…
Read moreSouth Korean LNG imports surge 80% in August
(Montel) South Korea’s LNG imports last month surged nearly 80% year on year, while coal deliveries were…
Read moreLithuania agrees further curbs on Russia-Baltic power trade
(Montel) Power transmission capacity between the Baltic states and Russia will be curbed further following Lithuanian’s decision to…
Read morePrompt gas surges 8% on supply concerns
(Montel) Front-month European gas prices surged a further 8% to fresh records above EUR 66/MWh on Tuesday…
Read moreItaly to join cross-border intraday power market next week
(Montel) Italy is set to join the European cross-border intraday power trading platform, SIDC, on 21 September for…
Read moreUK day-ahead power hits new record GBP 2,500/MWh
(Montel) UK day-ahead power prices hit a new record high of GBP 2,500/MWh on Tuesday amid expectations…
Read moreIEA revises up 2022 world oil demand outlook
(Montel) Global oil demand will grow at a slightly faster-than-expected pace next year thanks to strong pent-up demand…
Read moreHurricane damage continues to curb US coal exports
(Montel) US coal export infrastructure damage in the wake of hurricane Ida, which struck the US Gulf…
Read moreSpain to cut power costs, cap gas prices – prime minister
(Montel) The Spanish government is expected to approve on Tuesday measures to curb electricity costs amid spiralling…
Read morePolish power demand, output rise in August
(Montel) Polish power consumption rose 3% year on year in August to 13.9 TWh, while output jumped 16%…
Read moreGerman spot power set to jump 10% to top EUR 150
(Montel) German day-ahead power prices looked set to jump 10% on Tuesday to above EUR 150/MWh as forecasts…
Read moreClimate in focus as Norway starts to form new government
(Montel) Energy and climate will be among the key policies in focus when Norway’s Labour party starts discussions…
Read moreNordic spot power set to exceed EUR 100 – forecast
(Montel) The Nordic system price could exceed EUR 100/MWh on Wednesday, a decade high and the first time…
Read moreOil continues rise as supply disruptions linger
(Montel) Oil was continuing this week’s rise on Tuesday as supply disruptions in the US and elsewhere lingered.…
Read moreCO2 steadies after record gains, parts with gas
(Montel) European carbon prices stabilised on Monday after recent all-time highs and parted ways with gas, which continued…
Read moreGerman Cal 22 power tops EUR 100/MWh for first time
(Montel) German power for delivery next year rose for the first time above EUR 100/MWh on Monday, data…
Read moreGerman power curve pushes to new highs with gas surge
(Montel) German power prices gained across the curve on Monday along with limited wind output expected in the…
Read moreOpec raises global oil demand outlook for 2022
(Montel) Global oil demand will grow 4.2m bbl/day next year, 0.9m bbl/day higher than a previous forecast a…
Read moreSpain spot power, Cal 22 hit new highs
(Montel) Spanish day-ahead power prices set a fresh record high above EUR 154/MWh for Monday delivery, while the…
Read moreTight supply spurs European coal prices to new highs
(Montel) European coal prices rose to new multi-year highs in early Monday trading, underpinned by limited spot…
Read moreNordstrom bankruptcy due to volatile market – founder
(Montel) The bankruptcy of Danish power trading company Nordstrom was due to volatility in the power market, founder…
Read moreRussian coal exports slide to 5-month low
(Montel) Russian coal exports fell 4.5% on the month to a five-month low in August, as rail…
Read moreGerman power exports may rise this winter – experts
(Montel) German export flows may rise this winter as coal generators ramp up to account for constrained gas-fired…
Read moreDutch grid saturation clouds solar expansion
(Montel) The Dutch power grid is unable to accommodate new power plants in some areas as the huge…
Read moreGas front month surges on supply fears to top EUR 60
(Montel) European front-month gas rallied on Monday to breach EUR 60/MWh for the first time, bolstered by…
Read moreUK day-ahead power surges to record GBP 1,750/MWh
(Montel) UK day-ahead power prices surged to a record high of GBP 1,750/MWh in Monday trading amid…
Read moreNordic bourse bans Nordstrom from trading after bankruptcy
(Montel) Danish power trading company Nordstrom Invest has been banned from trading electricity on the Nasdaq Commodities exchange…
Read moreGerman regulator starts review process for Nord Stream 2
(Montel) Germany’s federal network regulator (BNA) has commenced a certification process for Russia’s Nord Stream 2 pipeline…
Read moreUK unveils GBP 265m CFD pot for renewables
(Montel) The UK government will allocate GBP 265m in the latest round of its contracts for difference (CFD)…
Read moreGerman spot power to extend multi-year high on low wind
(Montel) German day-ahead power prices looked set to extend their multi-year highs amid subdued wind output and…
Read moreGrenergy signs 200 GWh/year solar PPA in Spain
(Montel) Spanish green firm Grenergy has signed a power purchase agreement (PPA) to sell 200 GWh/year of…
Read moreUK raises ETS cost curb measure 5% for December
(Montel) The UK has raised its cost curb measure for emissions certificates – UKAs – by 5% month…
Read moreOil rises on continuing US supply woes
(Montel) Oil prices were rising on Monday amid continuing supply woes in the wake of hurricane Ida, with…
Read moreCarbon CFDs better than floor price – MEP
(Montel) Carbon contracts for difference (CFDs) could be a better instrument than a carbon floor price to promote…
Read moreEnergy complex follows gas higher
(Montel) European energy prices continued to rise on Friday, driven by gas as it hit another record high…
Read moreNord Stream 2 confirms plan for 2021 launch
(Montel) Nord Stream 2 is aiming to launch its 55bcm/year pipeline before the end of the year, despite…
Read moreNew Norway government to face tough calls on energy policy
(Montel) Monday’s general election in Norway is unlikely to radically change the country’s energy policy but a new…
Read moreGas prices rebound despite NS2 completion
(Montel) European gas prices reversed early losses on Friday as market participants reckoned the completed Nord Stream 2…
Read moreEUAs set to face volatile week
(Montel) European carbon prices tested resistance at EUR 63/t and could move in either direction next week after…
Read moreUK, Ireland power markets hit record imbalance prices
(Montel) The UK and Irish power markets hit record imbalance prices this week, leaving traders struggling to balance…
Read moreNordic power slips on profit-taking, bearish fuels
(Montel) Nordic power futures retreated from ten-year highs on Friday, after having climbed for five sessions in…
Read moreHigher carbon prices a reality business must accept – EC
(Montel) Higher carbon prices in the EU ETS are a reality business must accept, said a senior official…
Read moreGerman spot power eyes 15-year high next week
(Montel) German spot power prices looked set to extend 15-year highs next week as forecasts showed relatively…
Read moreGazprom completes Nord Stream 2 construction
(Montel) Russian energy giant Gazprom has completed its 55bcm/year Nord Stream 2 gas pipeline to Europe, it…
Read moreDemand for regulated EDF power to hit record – suppliers
(Montel) Demand for French utility EDF’s nuclear power supply at the Arenh regulated rate of EUR 42/MWh for…
Read moreFront-month gas climbs, eyes EUR 60
(Montel) Front-month European gas prices eyed EUR 60 amid a fresh record high on Thursday, driving up the…
Read moreItalian CO2 emissions jump 25% in Q2 – agency
(Montel) Italian carbon emissions in the second quarter jumped 25% year on year and are expected to rise…
Read moreDry freight prices slip 14% from 12-year highs
(Montel) The Baltic Dry Index (BDI) – a bellwether for global dry bulk shipping – has declined…
Read moreSpanish spot power soars past EUR 152 in “tense” market
(Montel) Spanish day-ahead power prices reached a new high above EUR 152/MWh amid a "tense" market on…
Read moreGerman Cal 22 power climbs to record EUR 95
(Montel) German front-year power surpassed its previous all-time high on Thursday topping EUR 95/MWh amid surging gas prices…
Read morePrompt gas edges higher to extend rally
(Montel) Front month European gas prices climbed for a sixth consecutive session to a fresh record high on…
Read moreEC wants quick approval of carbon market reserve plan
(Montel) The European Commission wants fast approval for its plan to maintain a 24% intake rate of EU…
Read moreNordic system price hits near 11-year high
(Montel) The Nordic system price for Friday hit EUR 98.13/MWh, the highest level since 14 December 2010, amid…
Read moreNordic hydro GO contracts surge across the curve
(Montel) Prices for European guarantees of origin (GOs) surged across the curve this week amid expectations of diminished…
Read moreVattenfall commits to 132 MW wind farm in the Netherlands
(Montel) Vattenfall has taken a final investment decision for the nearshore part of a wind farm in…
Read moreS Africa coal exports decline 13% amid constraints
(Montel) South Africa’s thermal coal exports in the first seven months of 2021 declined nearly 13% on…
Read moreNordic power futures retreat from highs on wetter outlook
(Montel) Nordic power futures fell from record levels on Thursday on the back of wetter weather forecasts.…
Read moreLow coal stocks in Asia stoke winter shortage fears
(Montel) Pacific-basin benchmark coal prices returned to some of their highest levels in 13 years this week…
Read moreEIA raises 2021 US LNG export outlook by 1%
(Montel) The US Energy Information Administration (EIA) has revised up its projection for LNG exports this year…
Read moreGerman day-ahead power eyes near 14-year high
(Montel) German day-ahead power prices on Thursday looked set to rise to a near 14-year high as…
Read moreOil prices firm as US Gulf output “gradually” ramps up
(Montel) Oil prices traded a shade higher early on Thursday as US production in the Gulf of Mexico…
Read moreOil firms need to cut gas output to meet 1.5C goal – study
(Montel) Major European oil companies should halt their plans to increase gas production and wind down their gas…
Read moreGas, CO2 achieve fresh highs
(Montel) European gas prices extended a streak of gains on Wednesday to hit a fresh record above…
Read moreEurope must inject EUAs to lower carbon prices – Repsol CEO
(Montel) European authorities should inject more EUAs into the market to curb speculation and high prices, Spanish energy…
Read moreInvestors drive CO2 gains more than fundamentals – analyst
(Montel) Investor appetite for European carbon allowances has been the main cause of this year’s rally to…
Read moreEU needs higher carbon prices to phase out coal, oil – MEP
(Montel) The EU needs higher carbon prices to phase out coal and oil, a member of the European…
Read moreGerman power curve soars to fresh highs on bullish mix
(Montel) Contracts along the German power curve jumped EUR 2 to hit fresh records on Wednesday amid…
Read moreCarbon extends record high to EUR 63.35/t
(Montel) Europe’s benchmark carbon price hit its sixth record high in less than two weeks on Wednesday following…
Read moreFuel, CO2 prices incentive for green investment – Eurasia
(Montel) Current high fuel and carbon prices should provide a greater incentive to invest in renewable energy…
Read moreSpain looks to secure gas supply with additional tender
(Montel) Spanish TSO Enagas has held an additional auction for regasification capacity to avoid potential tension in the…
Read moreMild autumn may not curb soaring power and gas prices
(Montel) Mild weather will likely prevail in Europe this autumn, but brief cold spells and low wind generation…
Read moreGas prices extend highs as Russian flows remain low
(Montel) European gas prices continued to rise on Wednesday amid Russian flows which were lower than hoped for…
Read moreNordic front-month power hits 10-year high on dry outlook
(Montel) Nordic October power jumped EUR 1.50 to a decade high on Wednesday with dry weather forecasts…
Read moreUK day-ahead power jumps to over GBP 850/MWh
(Montel) UK day-ahead power prices surged to multi-month highs of over GBP 850/MWh in Wednesday trading amid…
Read moreSSE begins construction of 440 MW Shetland wind farm
(Montel) SSE Renewables has confirmed its 400 MW Viking wind farm will begin production in late 2024. …
Read moreNorway regulator plays down winter supply risk fears
(Montel) The head of Norwegian power regulator NVE, Kjetil Lund, said he was not concerned about the security…
Read moreAxpo, Borealis sign 100 GWh Belgian PPA
(Montel) Axpo has signed a nine-year power purchase agreement (PPA) with Austrian chemicals manufacturer Borealis for the company’s…
Read moreFlooding keeps US coal export terminal offline
(Montel) Flooding and power cuts in the aftermath of Hurricane Ida continue to impact coal export operations…
Read moreGerman spot power set to rise on low wind, solar output
(Montel) German day-ahead power prices looked set to rise on Wednesday amid relatively low wind power generation…
Read moreOil prices edge higher ahead of US inventory data
(Montel) Oil prices rose in early Wednesday trading, ahead of US inventory data due today and on Thursday.…
Read moreEsma hears complaint of speculators cornering carbon market
(Montel) EU financial watchdog Esma is considering a complaint of market abuse in Europe’s emissions trading scheme that…
Read moreSupply concerns push gas to fresh highs
(Montel) Front-month gas surged to a fresh high on Tuesday, reversing initial losses from profit-taking, as a tight…
Read moreGreen shift won’t lift Nordic power prices much – think tank
(Montel) The energy transition will not lead to significantly higher Nordic electricity prices this decade, think tank Nordic…
Read moreTurkish coal imports slide 1.8% as gas generation jumps
(Montel) Turkish thermal coal imports, primarily from Colombia and Russia, fell 1.8% in January-July with reduced supply from…
Read moreGerman Cal 22 power hits high in “game without limits”
(Montel) The German power front year rose in line with a higher CO2 price on Tuesday, with…
Read morePoland's power exports rise fourfold in Jan-Aug
(Montel) Poland's power exports rose fourfold in January-August year on year to 4.2 TWh, data from TSO PSE…
Read moreCoal could spiral to USD 200/t this winter
(Montel) A shortage of thermal coal this winter could yet see prices breach USD 200/t – a…
Read moreEU plans for real-time hydrogen tracking impractical – lobby
(Montel) Draft EU plans to require real-time tracking of what power has been used in electrolysers to produce…
Read moreUniper, Port of Rotterdam sign green hydrogen deal
(Montel) Germany utility Uniper has signed a memorandum of understanding with the Port of Rotterdam to develop a…
Read moreGas prices drop on profit-taking, Russian flows
(Montel) European gas prices dropped in early Tuesday trading on the back of profit-taking and some increase…
Read moreWetter weather, weaker gas curbs Nordic power rally
(Montel) Nordic power futures were firming on Tuesday, though wetter weather forecasts and slightly lower gas prices dampened…
Read moreIndonesia sets September coal price at a record high
(Montel) Indonesia has set its September coal reference price at a new record high of USD 150.03/t,…
Read moreChinese coal imports jump 36% on year
(Montel) Chinese coal imports jumped 36% on the year in August to 0.91m tonnes/day (28.1m tonnes), the…
Read moreGerman spot power eyes 6% drop on higher wind, solar output
(Montel) German day-ahead power prices looked set for a 6% drop on Tuesday as forecasts showed increasing wind…
Read moreOil remains range-bound amid uncertain demand outlook
(Montel) Oil was trading range-bound on Tuesday as an uncertain demand outlook continued to put a ceiling on…
Read moreEU industry faces 2 years of carbon uncertainty – expert
(Montel) European industry faces two years of uncertainty as the EU considers how to tighten its carbon market…
Read moreGlencore’s exit from Colombian coal firm edges closer
(Montel) Colombia’s National Mining Agency (ANM) has granted Glencore permission to divest from its Colombian coal-mining subsidiary…
Read moreGas, low wind propel CO2 above EUR 63
(Montel) European carbon prices climbed to fresh all-time highs on Monday, propelled by continued strength in gas prices,…
Read morePoland's solar capacity expands to 5.5 GW
(Montel) Poland added 266 MW of solar capacity in July, raising the country's total capacity to 5,498 MW,…
Read moreSpain may hold power auctions outside wholesale market
(Montel) Spain may hold power production auctions outside the wholesale market to curb soaring prices, the ministry of…
Read moreEDF overestimates atomic capacity by up to 8.1 GW in Q3 – EQ
(Montel) The average gap between EDF’s forecast French nuclear availability and actual production hit 8.1 GW in Q3,…
Read moreNear-term start of Nord Stream 2 “technically impossible”
(Montel) It would be “technically impossible” to launch flows via the Nord Stream 2 pipeline over the…
Read moreGerman front-year power hits all-time high as gas, CO2 gain
(Montel) German front-year power surged to an all-time high on Monday, propelled by continued gains in the gas…
Read moreEuropean gas contracts extend highs on supply squeeze
(Montel) European gas contracts reached fresh highs on Monday amid a fall in pipeline flows from Russia and…
Read moreSpanish day-ahead power to hold near EUR 130 this week
(Montel) Spanish day-ahead power prices looked set hold near EUR 130/MWh on average this week, while futures contracts…
Read moreStatkraft sells 234 MW solar portfolio in Spain
(Montel) Statkraft has sold four Spanish solar projects (234 MW total) to UK fund Trig, the Norwegian energy…
Read moreEurope’s coal imports may jump 16% this year – analyst
(Montel) European thermal coal imports could rise by nearly 16% this year to 52m tonnes, amid fierce…
Read moreEDF Trading starts joint venture with Getec Energie
(Montel) EDF Trading has started a joint venture with German energy service provider Getec Energie to serve industrial…
Read moreUK day-ahead power nears GBP 200 but off high
(Montel) UK day-ahead power prices eased from highs hit this weekend in Monday trading but were still…
Read moreMallnow gas flows from Russia halve on Monday
(Montel) Physical flows of Russian gas through the Mallnow entry point into Germany halved on Monday morning,…
Read moreNordic front curve gains but still seen as undervalued
(Montel) Nordic front power contracts hit fresh highs amid dry forecasts and high spot prices on Monday, but…
Read moreCarbon pushes to new high at EUR 63/t
(Montel) Europe’s benchmark carbon price rallied to a fresh record high early on Monday, extending last week’s gains…
Read moreGerman spot power to extend high amid low wind output
(Montel) German day-ahead power prices looked set to extend their multi-year high amid subdued wind output and falling…
Read moreOil falls on US economic concerns stoked by Delta
(Montel) Oil was falling on Monday amid economic concerns in the US, stoked by disappointing jobs data on…
Read moreNordic system price hits 9-year high
(Montel) The Nordic system price out-turned at 91.91/MWh on Monday, its highest level since 8 February 2012.…
Read moreCO2 keeps setting new highs on energy gains
(Montel) European carbon prices rose to fresh all-time highs on Friday, as reduced allowance supply and renewed strength…
Read moreNorway approves treaty with UK on power trading, cables
(Montel) Norway approved a bilateral treaty with the UK on cross-border energy trading and electricity interconnection, including…
Read moreGerman front-month power hits record high on bullish mix
(Montel) The German power curve soared on Friday on the back of record carbon and higher gas prices…
Read moreUK renewable developers face lower PPA prices – consultant
(Montel) Renewable energy developers who wait to sign power purchase agreements (PPA) until after the UK’s forthcoming contracts…
Read moreCO2 targets EUR 65/t on supply tightness, soaring gas
(Montel) After hitting a fresh record high of EUR 61.95/t on Friday, European carbon prices are gearing up…
Read moreCO2 hits fresh record high of EUR 61.95/t
(Montel) European carbon prices hit a fresh record high of EUR 61.95/t on Friday, with one trader saying…
Read moreSwedish power demand set to surge 60 TWh on green steel
(Montel) A shift from fossil fuel-based production to renewables could boost power demand from Sweden’s steel sector from…
Read moreGerman spot power eyes 15-year high next week on low wind
(Montel) German spot power prices looked set to rise to a new 15-year record next week amid…
Read moreOil trades flat but signs remain of robust demand
(Montel) Oil prices were trading flat on Friday but signs remained of robust demand, with the market likely…
Read moreSoaring gas may see UK firms curb activity – Centrica
(Montel) Record high gas prices may cause some energy-intensive businesses in the UK to curb activity this winter,…
Read moreItalian power spirals to EUR 145 on gas, CO2 rally
(Montel) Italian day-ahead power hit a record high above EUR 145/MWh on Thursday boosted by a mixture of…
Read moreGerman 10 GW/yr solar growth plan faces hurdles – experts
(Montel) Plans unveiled by Germany’s ruling Christian union party CDU planning to grow solar capacity by an open-ended…
Read moreNord Stream 2 flow will start before year end – Gazprom CEO
(Montel) Russian energy giant Gazprom will begin supplying gas to Europe via its Nord Stream 2 pipeline…
Read moreECJ orders Germany to empower network regulator
(Montel) The European Court of Justice on Thursday ordered Germany to grant its network regulator greater independence…
Read moreGerman front-year power rises on bullish fuels
(Montel) Germany’s front-year power contract rose on Thursday amid continued bullishness in the fuel and carbon markets but…
Read moreAlgeria-Morocco tensions may raise gas prices – expert
(Montel) Mounting tensions between Algeria and Morocco may raise gas prices but are unlikely to reduce flows…
Read moreEC urges calm over record high carbon prices
(Montel) The European Commission is urging calm over record high carbon prices as they are within the EUR…
Read moreNordic-German power price spread hard to justify – EQ
(Montel) The price spread between Nordic and German power futures is trading at near record levels but was…
Read moreEurope, west Mediterranean LNG imports slide 15% in August
(Montel) European and west Mediterranean LNG imports dropped 15% on the year in August to 5.5bcm, as…
Read moreGerman spot power to ease from highs as renewables rise
(Montel) German day-ahead power prices on Thursday looked set to drop from recent highs amid expectations of…
Read moreCrude prices fall on Opec+ decision to keep raising output
(Montel) Crude oil was modestly lower early on Thursday as the Opec+ producer group decided to maintain its…
Read moreGerman power nears all-time high on soaring gas, CO2
(Montel) Germany’s front-year power was rising on Wednesday and could surpass its all-time high later this week amid…
Read moreGas prices hit new highs on Russia supply concerns
(Montel) European and UK gas contracts rose across the board on Wednesday as traders revised their expectations…
Read moreFrench nuclear output jumps 21% on year in August
(Montel) French nuclear power generation jumped 6 TWh, or 20.8%, year on year in August to 28.9 TWh,…
Read moreUK energy transition needs new gas, oil production – lobby
(Montel) The UK faces “stark choices” in its transition towards a lower carbon future, with increased gas…
Read moreEU gas surges as Gazprom plays down NS2 lift to exports
(Montel) European gas prices surged to fresh record highs on Wednesday morning after Russia’s Gazprom played down…
Read moreWind’s share of UK power mix hits 5-month high in August
(Montel) Wind’s share of the UK power mix rose to a five-month high in August amid lower…
Read moreCO2 soars to record high EUR 61.90/t
(Montel) European carbon prices hit a new record high of EUR 61.90/t early on Wednesday amid reduced auction…
Read moreGerman spot power eyes EUR 119 at wind subsides
(Montel) German day-ahead power prices looked set to extend a recent 13-year high on Wednesday with baseload…
Read moreNorway plans to raise tax on fossil fuels amid green shift
(Montel) Norway’s centre-right government proposed a raising of taxes on fossil fuel exploration two weeks ahead of a…
Read moreOil rises as data indicates big fall in US inventory levels
(Montel) Oil was rising on Wednesday as preliminary figures indicated a bigger than expected fall in US inventory…
Read moreSupply tightness bolsters UK gas prices
(Montel) UK gas prices were rising in afternoon trading on Tuesday after unplanned Norwegian outages coincided with planned…
Read moreEU coal terminal stocks swell to 11-week high
(Montel) Combined coal inventories at four key northwest European dry bulk terminals have risen to an 11-week…
Read moreR.Power acquires 59 MW solar capacity in Portugal
(Montel) Polish renewables firm R.Power plans to launch 59 MW of solar capacity in Portugal next year for…
Read moreIndia urges upturn in coal imports amid stocks “crisis”
(Montel) India’s power ministry has told the country’s coal importers to “take necessary action” amid dwindling stocks…
Read moreGerman power retreats from high on weaker TTF gas, CO2
(Montel) Germany’s front-year power contract eased on Tuesday, dampened by weaker carbon and gas prices after jumping…
Read moreUK gas prices gain on outages, tight supply
(Montel) UK gas prices rose on Tuesday – with the spot contract jumping more than 5p – amid…
Read moreTight coal supply underpins prices
(Montel) European coal prices eased on Tuesday from multi-year highs in the previous session, but tight prompt…
Read moreNordic September power slides EUR 1.50 after rally
(Montel) Nordic near-term power futures corrected down up to EUR 1.50 on Tuesday after the prior rally…
Read moreNordic power system price may top EUR 80 in Sept – analysts
(Montel) The Nordic power system price could average above EUR 80/MWh in September, the highest price in more…
Read moreVattenfall warns of early Swedish reactor closures in 2025
(Montel) Vattenfall's remaining nuclear reactors in Sweden may have to close in 2025 after the government yet again…
Read morePGE’s power output jumps 15% in H1 to 33 TWh
(Montel) Polish utility PGE produced 33 TWh of power in January-June, up 15% from the corresponding period in…
Read moreEU’s CO2 border scheme will have limited impact – report
(Montel) The impact of the EU’s new carbon border adjustment mechanism (CBAM) on European importers is expected to…
Read moreAlytic buys majority stake in GO specialist Greenfact
(Montel) Norwegian analyst company Alytic has acquired a 60% stake in Greenfact, a firm which specialises in guarantees…
Read moreOil falls as US production expected to return swiftly
(Montel) Oil prices were falling on Tuesday as US crude oil production facilities in the Gulf of Mexico…
Read moreGerman power prices reach new records as fuels, CO2 climb
(Montel) German power curve prices surged to fresh record highs on Monday, following similar movements in European gas…
Read moreRussia’s Sakhalin 2 LNG facility resumes full output
(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed full production following maintenance that…
Read moreGas front month hits EUR 49 on CO2, weaker Norway flows
(Montel) European front-month gas rose on Monday on record high CO2 prices, weaker flows from Norway and…
Read moreGerman power producers may switch to GOs – experts
(Montel) Strong German wholesale power prices may incentivise producers to opt out of the country’s renewable support system…
Read moreNordic Q4 power hits high on dry weather, strong spot
(Montel) The Nordic Q4 power contract jumped EUR 4.65 on Monday to hit a fresh high of EUR…
Read moreCarbon hits high at EUR 61 on gas, technicals, thin trading
(Montel) European carbon prices hit a fresh high above EUR 61/t on Monday, extending a rally underpinned by…
Read moreEurope LNG imports grow 19% to 1.3bcm
(Montel) Seaborne LNG deliveries to key European destinations rose nearly 20% last week to 1.27bcm, with at…
Read moreGerman spot power eyes 13-year high on lower wind
(Montel) German day-ahead power prices looked set to climb to the highest level since October 2008, as rising…
Read moreCrude prices flat as hurricane forces US oil output cuts
(Montel) Crude oil was range-bound early on Monday as Hurricane Ida forced oil companies in the US,…
Read moreNordic system price hits 8.5-year high
(Montel) The Nordic system power price hit an 8.5-year high of EUR 87.54/MWh for Monday, with area prices…
Read moreSupply risks drive energy complex higher
(Montel) The European energy complex pushed higher on Friday, as concerns about Russian Nord Stream 2 gas…
Read moreBritain hits record for power imports – data firm
(Montel) Britain this month set a record for electricity imports, underlining the growing importance of interconnectors to…
Read moreTropical storm Ida swells risk of gas price surge
(Montel) A tropical storm making its way to the US Gulf Coast was supporting stronger European gas…
Read moreGerman power rises EUR 1 on fuels rally
(Montel) Germany’s benchmark front-year power contract rose on Friday amid rallying fuel prices, with gains set to…
Read morePoland faces CO2 deficit of 660m tonnes by 2030 – report
(Montel) High emitter Poland faces a carbon emissions deficit of 660m tonnes by 2030, set to cost the…
Read moreGas prices rise on feared “tough” winter amid low storage
(Montel) European gas prices rose on Friday amid fears of a “tough” winter due to low storage levels…
Read moreCarbon faces resistance as record nears
(Montel) European carbon prices looked set to retest a zone of technical resistance just short of a…
Read moreNordic power futures rebound on tighter hydropower supply
(Montel) Nordic power futures rebounded on Friday, as forecasts suggested further tightening of hydropower supply, with higher…
Read moreCarbon jumps EUR 1 on gas, thin supply
(Montel) European carbon prices rose almost 2%, or EUR 1, in Friday trading amid increases in gas and…
Read moreGermany to see cool, damp conditions in September
(Montel) Germany is likely to see an autumnal start to September with cool, damp conditions, though wind levels…
Read moreUK-Norway cable “couldn’t come at a worse time” – Alcoa
(Montel) October’s start-up of the NSL cable linking southern Norway with the UK could further tighten supply in…
Read moreFortum criticises Swedish delay over nuclear waste
(Montel) Finnish utility Fortum on Friday criticised the Swedish government for risking supply security by postponing a decision…
Read moreGerman spot power to gain next week as wind declines
(Montel) German spot power prices looked set to soar next week, as forecasts showed a steep decline…
Read moreGazprom may need to sell Nord Stream 2 – report
(Montel) Russia’s Gazprom may need to sell its controversial Nord Stream 2 gas pipeline to fulfil EU unbundling…
Read moreOil rises amid signs of growing Asian demand
(Montel) Oil prices were rising on Friday amid signs of growing demand, with Asian countries bouncing back despite…
Read moreNordic PPA sector faces continued low demand – experts
(Montel) The Nordic power purchase agreement (PPA) sector faces continued low demand as well as weak prices, according…
Read moreUK cable can raise Norway prices EUR 10 this winter – Volue
(Montel) The launch of the 1.4 GW North Sea Link cable between Norway and the UK in October…
Read moreNordic TSOs must urgently fix insufficient hedging – Modity
(Montel) Nordic TSOs must quickly find solutions to boost market liquidity, as companies are struggling to hedge…
Read moreCarbon gains on buying opportunity
(Montel) European carbon prices rose on Thursday, as investors used initial losses as a buying opportunity amid a…
Read moreGerman court annuls permit for newest coal plant
(Montel) A German court upheld a challenge to the planning permit of the country’s newest coal plant…
Read moreHydropower Cal 21 GOs firm on prolonged dry outlook
(Montel) Hydropower guarantees of origin (GOs) recovered slightly on a prolonged dry outlook as sellers held on to…
Read moreNewcastle coal eases from 13-year highs
(Montel) Newcastle coal prices have eased slightly over the past week, though rampant Chinese demand and regional…
Read moreGas prices retreat in line with weaker CO2
(Montel) European gas prices retreated in line with weaker carbon on Thursday, though the potential for higher…
Read moreNordic power futures fall from record levels
(Montel) Nordic power futures retreated on Thursday, with a trader citing a “natural correction” after recent gains as…
Read moreKey Australian coal export hub extends lease to 2031
(Montel) The operator of Australia’s key Carrington thermal coal export terminal, at the port of Newcastle, has…
Read moreGerman spot power to edge down as solar peak rises
(Montel) German day-ahead power prices on Thursday looked set to ease amid expectations of increased solar output…
Read moreLoose metallic seals behind Olkiluoto delay – TVO
(Montel) Finnish nuclear operator TVO said the recent delay to the start-up of new nuclear reactor Olkiluoto 3…
Read moreOil prices soften after 3-day rally but optimism remains
(Montel) Oil prices were softening on Thursday after a three-day rally had seen the market claw back seven…
Read moreAlpiq’s head of trading quits
(Montel) Swiss utility Alpiq’s head of trading Michel Kolly has quit the firm, it said on Thursday.…
Read moreAlpiq’s H1 trading earnings slide by a third to EUR 38m
(Montel) Swiss utility Alpiq’s trading earnings before interest, tax, depreciation and amortisation (Ebitda) for the first half of…
Read moreVirus hits Repower H1 profit but recovery underway
(Montel) Swiss utility Repower saw a 13% fall in H1 earnings before interest and tax (Ebit) amid the…
Read moreGerman court decision reflects “discriminatory” rules – NS2
(Montel) A decision by a German court on Wednesday to dismiss Nord Stream 2’s complaint against German…
Read moreCarbon slips from 1-week high
(Montel) European carbon prices softened from one-week highs in afternoon trading on Wednesday, although the market was…
Read moreMEPs urge hourly tracking of GOs to improve “credibility”
(Montel) A group of MEPs wants to make changes to the EU renewables directive so that supply and…
Read moreGermany plans “climate club” to boost decarbonisation
(Montel) The German cabinet on Wednesday agreed to the outlines of a “climate club” aimed at boosting…
Read moreFire hits Russian gas processing plant, output unaffected
(Montel) A fire has hit Gazprom’s Orenburg gas-processing plant, in southern Russia, the investigative committee of the…
Read moreGerman power Cal 22 drops amid gas, carbon losses
(Montel) Germany’s benchmark front-year power contract traded lower on Wednesday amid similar losses in the gas and carbon…
Read moreGas prices retreat on NS2 court ruling
(Montel) European gas contracts retraced earlier gains on Wednesday to trade lower amid a German court ruling that…
Read moreGerman court dismisses Nord Stream 2’s complaint
(Montel) The Higher Court of Dusseldorf on Wednesday dismissed Nord Stream 2’s complaint against German regulator BNA…
Read moreNordic power curve gains on dry weather, strong fuels
(Montel) Nordic power contracts were trading higher on Wednesday morning amid continuing dry weather forecasts and strong fuel…
Read moreNorway energy minister rejects end to oil, gas output
(Montel) Stopping Norwegian oil and gas exploration and production would not have a significant effect on global carbon…
Read moreGerman spot power gains with solar drop
(Montel) German day-ahead power prices gained on Wednesday as greater wind generation looked set to fall short…
Read moreCrude prices retreat amid ongoing demand concerns
(Montel) Crude oil prices took a break early on Wednesday from recent gains amid continuing concerns about…
Read moreGlobal coal use surges with power demand jump – think tank
(Montel) Renewable energy growth has failed to offset a jump in global power demand this year, leading…
Read moreCarbon rises as gas remains bullish
(Montel) European carbon prices rose for a third straight day on Tuesday, driven by higher gas prices and…
Read moreFirms criticise Norwegian plans for offshore wind auctions
(Montel) Several large Norwegian and international energy companies have criticised plans by the Norwegian government to hold auctions…
Read moreGerman power rises as gas, carbon prices recover
(Montel) German front-year power gained EUR 1.50 on Tuesday, as gas and carbon prices continued to rebound from…
Read moreGas prices rise on supply uncertainty, fuel gains
(Montel) European gas curves found renewed strength on Tuesday amid persistent doubts over the start of the Nord…
Read moreCourt ruling unlikely to trigger early NS2 launch – experts
(Montel) A court ruling this week on the possible exemption of the 55bcm/year Nord Stream 2 pipeline…
Read moreCentrica signs 3 PPAs for 266 MW with Taaleri Energia
(Montel) Centrica Energy Trading has signed 10-year power purchase agreements (PPAs) with Finland’s Taaleri Energia for 266 MW…
Read moreHigh prices may dent energy transition – Finnish industry
(Montel) A recent surge in power prices could hamper plans to replace fossil fuels with renewables in Finnish…
Read moreNordic power futures rise on strong fuels, dry outlook
(Montel) Nordic power futures continued to gain on Tuesday amid strong fuel prices and dry weather forecasts for…
Read moreGerman spot power to dive EUR 10 on higher wind wind, solar
(Montel) German day-ahead power prices looked set for a 11% drop on Tuesday as forecasts showed increasing renewables…
Read moreTesla mulls virtual power plant in Germany – report
(Montel) Carmaker Tesla could add a virtual power plant to its German electricity sales business, where it would…
Read moreOil continues rise on recovering China demand
(Montel) Oil prices continued their rise on Tuesday, after surging 5% in the prior session, as signs indicated…
Read moreCO2 gains on supportive related markets
(Montel) European carbon prices rose in Monday trading, buoyed by supportive related markets and technical indicators, yet…
Read moreNordic spot price hits 5-year high on nuclear outage
(Montel) The Nordic system price hit a fresh five-year high of EUR 77.20/MWh on Tuesday, supported by low…
Read moreGerman front-month power continues rise on rebounding fuels
(Montel) German front-month power prices continued to gain on Monday buoyed by rebounding gas and carbon markets, with…
Read moreGas front month gains on bullish carbon
(Montel) Front-month gas jumped more than EUR 1 on Monday in volatile trade in response to bullish…
Read moreCoal prices set to revisit recent highs
(Montel) European coal prices will continue to draw support from still tight prompt supply and competing gas…
Read moreFrance mulls guarantees to improve industry access to PPAs
(Montel) The French government is mulling plans to help heavy energy users sign power purchase agreements (PPA)…
Read moreChina's CTG buys 450 MW Spanish green capacity for EUR 500m
(Montel) Chinese energy company China Three Gorges (CTG) has closed its purchase of 450 MW of renewables capacity…
Read moreOlkiluoto delay may see Nordic power prices jump – analyst
(Montel) Friday’s announcement of another delay to the start-up of Finland’s 1.6 GW Olkiluoto 3 nuclear reactor could…
Read moreNordic front power continues rise on strong fuels, CO2
(Montel) Nordic front futures power continued its rise on Monday amid high fuel and carbon prices, while another…
Read moreGerman spot power to rise as wind output wanes
(Montel) German day-ahead power prices looked set to rise almost EUR 3 on Monday despite increased solar production…
Read moreCrude prices rise on demand optimism despite Delta variant
(Montel) Crude oil was higher early on Monday on demand optimism amid high rates of vaccination against the…
Read moreMerkel tries to ease Ukrainian Nord Stream 2 fears
(Montel) Germany’s outgoing chancellor Angela Merkel has tried to alleviate Ukrainian fears over a potential "weaponisation" of the…
Read morePrompt coal extends plunge
(Montel) Near-term European coal prices extended losses on Friday despite a stabilisation in the gas market following…
Read moreGerman Cal 22 power recovers value in following gas
(Montel) German front-year power on Friday recovered some losses from the previous session, following the gas market…
Read morePlanned Nord Stream 2 flows may be “too optimistic”
(Montel) Russia’s Gazprom may not be able to deliver the 5.6bcm of gas it said it would…
Read moreEUAs to follow gas in coming week
(Montel) European carbon prices next week should continue to be driven by gas after this week’s plunge amid…
Read moreGas prices rebound after NS2-linked sell-off
(Montel) European gas prices rebounded on Friday after the prior sell-off when markets dived in the wake…
Read moreGermany set for low wind output, cool weather
(Montel) Germany looked set for relatively low wind generation levels and cool weather for the rest of August,…
Read moreNord Stream 2 licence could be delayed to December – analyst
(Montel) Germany’s BNA network regulator may not issue an operational licence for Nord Stream 2 until December, delaying…
Read moreNordic front-month power jumps EUR 3 amid dry outlook
(Montel) Nordic power futures jumped up on Friday – with the front month up EUR 3.25 – after…
Read moreAustria focuses on non-ETS emissions after coal exit
(Montel) Austria will focus on tackling emissions from non-ETS sectors following the closure of the nation’s last coal-fired…
Read moreGerman gas import price more than doubles in June
(Montel) The price of German gas imports more than doubled year on year in June to average…
Read moreGerman spot power to stay above EUR 90 next week
(Montel) German spot power prices looked set to remain elevated next week amid falling wind generation and…
Read moreSpain probes Iberdrola hydropower dam depletion
(Montel) The Spanish energy ministry will probe Iberdrola’s use of the Ricobayo reservoir where the utility operates a…
Read moreOil edges up on signs of robust demand in Europe, US
(Montel) Oil was edging back up on Friday – after slumping to its lowest level since May in…
Read moreFrance sells 4.2 TWh of GO at average EUR 0.43/MWh
(Montel) Prices for guarantees of origin (GO) for renewable power produced in France retreated 2% to an…
Read moreEnergy markets in "freefall" as gas leads dive
(Montel) European energy prices continued their sell-off on Thursday as the gas market extended losses – with the…
Read moreFrench Q4 power slides amid gas plunge
(Montel) French power prices plunged by up to EUR 6.50 across the curve on Thursday in the…
Read moreNordic power curve plunges on weaker gas, German prices
(Montel) Nordic power contracts fell sharply on Thursday afternoon following big drops in gas and German power prices.…
Read moreGerman Cal 22 power sheds 4% as fuel markets slump
(Montel) German front-year power shed around 4% on Thursday, taking a cue from flagging European gas and carbon…
Read moreGas prices tumble EUR 3 on Nord Stream expectations
(Montel) European gas curve contracts dived EUR 3 on Thursday amid ongoing indications Russia’s planned Nord Stream 2…
Read moreGazprom may pump 5.6bcm via Nord Stream 2 this year
(Montel) Russian energy giant Gazprom may supply 5.6bcm of gas to Europe via the Nord Stream 2…
Read moreGO prices dip as Nordic sellers return to markets
(Montel) Prices for European hydropower guarantees of origin (GOs) dipped this week, as sellers in the Nordics returned…
Read moreOTC gas trading volumes fall 6% in July – Leba
(Montel) Traded gas volumes in European brokered markets fell 6.3% year on year in July, led by…
Read moreSpain power to remain above EUR 100 to next year – experts
(Montel) Spanish power prices are likely to average above EUR 100/MWh until early next year on multi-year high…
Read moreCarbon slips nearly 3% amid gas plunge
(Montel) European carbon prices dropped nearly 3% in early Thursday trading amid continued sharp losses in the…
Read moreNordic Q4 power dives almost EUR 3 on fuels slide
(Montel) Nordic power prices dived nearly EUR 3 on Thursday, with a sharp downward correction in gas and…
Read moreAsia-Pacific coal prices rise to new 13-year highs
(Montel) Pacific-basin benchmark coal prices this week rose to new 13-year highs amid still supportive regional demand,…
Read morePolish power demand, output jump in July
(Montel) Polish power consumption rose almost 9% year on year in July to 14.4 TWh, while output surged…
Read moreEuropean Energy to fuel Maersk ships with green methanol
(Montel) Danish renewables developer European Energy has signed a deal with shipping conglomerate AP Moller Maersk for deliveries…
Read moreGerman spot power to surpass EUR 100 as wind output plunges
(Montel) German day-ahead power prices on Thursday looked set to settle above EUR 100/MWh as forecasts indicated…
Read moreOil drops to 3-month low on fears of waning demand
(Montel) Oil prices fell early on Thursday to their lowest levels since May amid concerns the spread of…
Read moreGas plummets EUR 4 amid false NS2 data
(Montel) European gas prices dropped more than EUR 4 on Wednesday amid widespread profit-taking triggered in part by…
Read moreETS reform negotiations may take 3 years – MEP
(Montel) Negotiations to tighten the EU ETS could take up to three years amid disagreements between member states…
Read moreGerman chemicals boss urges nuclear power extension
(Montel) Germany should abandon plans to close its last nuclear reactors over the next two years to suppress…
Read moreGerman front-year power continues rally amid gas strength
(Montel) Germany’s front-year power contract rose on Wednesday, boosted by a continuing surge in benchmark gas markets, but…
Read moreGas prices resume uptrend on supply woes
(Montel) European gas prices resumed their uptrend in Wednesday trading – after correcting down in the prior…
Read moreRussian Sakhalin 2 LNG facility resumes limited exports
(Montel) Russia’s Sakhalin 2 LNG facility in the far east has resumed exports, though one of its…
Read moreNordic power continues fall on profit-taking
(Montel) Nordic power futures continued their retreat from recent highs on Wednesday amid thin volumes, with traders citing…
Read moreGermany awards tender to 156 MW of solar/storage capacity
(Montel) Germany’s BNA network regulator energy has awarded funding to 156 MW of solar plants combined with storage…
Read moreAmsterdam coal imports rise 2.2% in January-July
(Montel) Coal imports via Europe’s second-largest delivery hub, at Amsterdam, grew 2.2% in January-July, according to port…
Read moreGerman spot power set to return above EUR 90/MWh
(Montel) German day-ahead power prices looked set to climb above EUR 90/MWh on Wednesday as forecasters anticipated abundant…
Read moreDenmark’s power demand set to rise 70% by 2030
(Montel) Denmark’s annual power use is set to rise by more than 70% to 60 TWh by the…
Read moreOil prices nudge up after API shows inventory draw
(Montel) Oil prices edged higher early on Wednesday after the American Petroleum Institute (API) reported late on…
Read moreRenewables investors seen aiming for larger targets
(Montel) Renewables investors are increasingly taking on more risk, acquiring whole development portfolios rather than individual projects in…
Read moreUK energy transition must go beyond blue hydrogen – experts
(Montel) Blue hydrogen would be vital for the UK’s energy transition, but its hydrogen strategy must go further,…
Read moreCoal retreats from multi-year highs
(Montel) European prompt coal prices retreated from multi-year highs achieved in the previous session amid some profit-taking…
Read moreSweden needs nuclear waste decision soon – Fortum CEO
(Montel) Swedish authorities must find a way to dispose of nuclear waste soon or risk reduced power production…
Read moreFortum and Uniper to see more similar hedging – CEO
(Montel) Fortum is currently much more exposed to spot price volatility in the Nordic market than subsidiary Uniper,…
Read moreGas front month falls amid increased deliveries
(Montel) European front-month gas contracts unwound the previous session’s gains on Tuesday amid increased flows to Europe, although…
Read moreGerman power extends 13-year high on fuel rally
(Montel) Germany’s benchmark power contract hit its highest level since 2008 on Tuesday as a jump in…
Read moreDanish CCS project receives consortium support
(Montel) A consortium of 29 members including companies Wintershall Dea and Ineos will support a carbon capture and…
Read moreSpain plans 3.3 GW green tender in October
(Montel) Spain plans to auction 3.3 GW of renewable capacity, including 1.5 GW wind and 700 MW solar,…
Read moreNordic power futures edge down on softer fuels
(Montel) Nordic front power contracts edged down on Tuesday morning after prior highs amid softer gas and carbon…
Read moreGerman spot power eyes EUR 22 gain on lower wind, solar
(Montel) German day-ahead power prices looked set for a 38% increase on Tuesday as forecasts indicated a drop…
Read moreFortum hedges 60% of 2022 Nordic output at EUR 31/MWh
(Montel) Finnish utility Fortum had hedged 60% of its expected power production for 2022 by the end of…
Read moreEnvironmentalists attack UK’s blue hydrogen strategy
(Montel) Environmentalists have dubbed the UK’s planned hydrogen policy “overhyped” and attacked its preference for so-called blue hydrogen,…
Read moreOil trades flat as China woes weigh on market
(Montel) Oil was trading flat on Tuesday – paring steep losses from the prior session – as continuing…
Read moreTight gas market leads fuel, CO2 surge
(Montel) A tight gas market, compounded by Russian supply fears, led the fuels market to multi-year highs…
Read moreUS LNG exports to exceed those via pipeline in 2021 – EIA
(Montel) US LNG exports are on course to outstrip pipeline exports by an average of 0.6bn cubic…
Read moreNorway industry frets about rising power costs
(Montel) Large industrial power users in Norway are fretting about rising wholesale electricity prices and urge policymakers to…
Read moreGazprom gas exports to Europe jump 23% in January-July
(Montel) Gazprom's gas exports to Europe jumped 23% year on year in the first seven months of 2021,…
Read moreGerman front-year power soars to highest point since 2008
(Montel) The German front-year power contract rose to a near 13-year high on Monday, as the carbon…
Read moreRussian supply fears drive gas prices to new high
(Montel) Prompt European gas contracts surged to a fresh record high on Monday as market participants became…
Read moreCO2 jumps EUR 2.50 on bullish gas, power
(Montel) European carbon allowances rose more than EUR 2.50 on Monday with bullish gas and power.…
Read moreGerman gas plants to cover total CO2 budget by 2030 – MP
(Montel) Germany’s gas-fired power plants are set to account for the country’s entire fossil-fuel carbon emissions budget by…
Read moreCoal prices climb to new multi-year peaks
(Montel) European coal prices rose to new 13-year highs in early Monday trading amid still strong demand…
Read moreSpanish front-year power extends high on CO2, gas surge
(Montel) Spain’s front-year power contract hit a record high of EUR 87.50/MWh on Monday amid surging carbon and…
Read moreGazprom books extra 0.65mcm/day of gas transit capacity
(Montel) Russia's Gazprom has booked an additional 0.65mcm/day of gas transit capacity via Ukraine to European destinations…
Read moreGermany on track for record emissions growth – Agora
(Montel) German carbon emissions will climb by their fastest pace in at least 30 years this year…
Read moreNordic power hits fresh highs on dry outlook
(Montel) Nordic power for September and Q4 hit fresh record highs on Monday as weather forecasts turn drier…
Read moreEuropean LNG terminals expect 1.7bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.7bcm this week, potentially bringing imports…
Read moreFrench spot power prices turn negative on strong wind
(Montel) French day-ahead power prices turned negative for two hours on Monday amid strong wind output.…
Read moreNorway’s July gas exports rise 9%
(Montel) Norway exported 9.6bcm of natural in July, up 8.8% on the same month last year, Statistics Norway…
Read moreGerman spot power to fall amid surging wind output
(Montel) German day-ahead power prices looked set to fall almost EUR 10 on Monday amid expectations of higher…
Read moreCrude prices fall on demand concerns amid virus lockdowns
(Montel) Crude oil was lower early on Monday on demand pessimism amid lockdowns resulting from the spread of…
Read moreCO2, gas and coal prices weaken after volatile week
(Montel) European carbon, gas and coal prices traded lower on Friday afternoon, with some participants citing profit-taking in…
Read moreIgnitis acquires 160 MW wind power in Latvia
(Montel) Lithuanian energy group Ignitis has agreed to buy three wind farm projects with a combined capacity of…
Read moreFinland grants EUR 87m to promote green transition
(Montel) The Finnish ministry of economic affairs has set aside EUR 87m in subsidies to industries that switch…
Read morePoland's power imports slump 25% in H1
(Montel) Poland's power imports slumped 25% year on year in H1 to 5.5 TWh, data from TSO PSE…
Read moreGazprom’s gas auction sales reach 8.7 TWh so far in August
(Montel) Russian energy company Gazprom has sold 8.7 TWh (835mcm) of natural gas to European customers in August…
Read moreRising nuclear supply to pressure French power next week
(Montel) French power spot prices look set to ease next week amid low demand and higher nuclear…
Read moreGas prices correct down but bullishness remains
(Montel) European gas prices corrected down on Friday, while the underlying trend remained bullish due to the…
Read moreEUAs may test new highs amid fuel switching
(Montel) European carbon prices could test fresh highs next week if lofty gas prices continue to spur power…
Read moreNo hot weather on horizon for Germany to summer’s end
(Montel) Germany is likely to see a cooler spell next week, then average temperatures into September, while wind…
Read moreNordic power curve falls on weaker carbon, gas
(Montel) Curve prices on the Nordic power market fell on Friday with weaker carbon and gas prices, while…
Read moreGerman spot power eyes 5-week high next week
(Montel) German spot power prices look set to average near a five-week high next week as improving…
Read moreEndesa buys 350 MW green power portfolio from Abo Wind
(Montel) Spanish utility Endesa has purchased a 350 MW green power portfolio from developer Abo Wind, comprising three…
Read moreOil falls on demand fears as Delta variant spreads
(Montel) Oil was falling on Friday amid concerns of weaker demand as the Delta variant of the coronavirus…
Read moreFrench front-year power soars to fresh 13-year high
(Montel) French front-year power hit a fresh 13-year high on Thursday with gas and coal prices also…
Read moreCoal hits highs on winter concerns
(Montel) European coal prices extended recent highs on Thursday, as the prospect of potential energy shortfalls this…
Read moreMacquarie unit to bid for Norwegian wind capacity
(Montel) Australian bank Macquarie’s Green Investment Group (GIG) will join Agder Energi and Vaargronn in a joint bid…
Read moreGO Nordic hydro curve nears 1 EUR amid bullish sentiment
(Montel) Far-curve prices for European hydropower guarantees of origin (GOs) were climbing towards EUR 1 amid bullish sentiment,…
Read moreRenewables, not EUAs, will push lignite out of market – RWE
(Montel) Increasing carbon prices will not lead to a faster lignite and coal exit in Germany without more…
Read moreFreyr plans large battery factory in Finland
(Montel) Norwegian battery producer Freyr has entered a non-binding agreement with Finnish Minerals Group and the city of…
Read moreFront-month gas prices firm amid ongoing supply concerns
(Montel) European gas contracts for September delivery traded firmer on Thursday as the market focused on procuring enough…
Read moreNewcastle coal index surges 10% in a week
(Montel) Australia’s Newcastle thermal coal export price has surged 10% over the last seven days to hit…
Read moreIEA revises down oil demand outlook; Opec maintains its view
(Montel) The International Energy Agency has lowered its global oil demand outlook for the second half of the…
Read moreNordic power futures hit fresh highs on strong fuels
(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Thursday, buoyed by gas…
Read moreEC rules out wholesale power market reform – Spain minister
(Montel) The European Commission (EC) has no plans to change the wholesale power market to tackle soaring…
Read moreRWE’s carbon hedges outweigh EUR 780m H1 lignite impairment
(Montel) German utility RWE booked an impairment of EUR 780m for its lignite assets in H1, though this…
Read moreIndustry hits out at ETS policy as power prices soar
(Montel) The EU should remove the market stability reserve in the EU ETS and continue handing out free…
Read moreRising wind to push German spot power back below EUR 100/MWh
(Montel) German day-ahead power prices looked set to pull back from a five-week high on Thursday, as…
Read moreRWE’s coal, nuclear earnings nearly triple in H1
(Montel) German utility RWE’s earnings before interest and tax (Ebit) in the coal and nuclear segment jumped nearly…
Read moreOil trades mixed after US urges Opec to boost output
(Montel) Crude oil prices traded narrowly mixed early on Thursday after the Biden administration urged Opec and its…
Read moreGas prices continue to climb on tight supply
(Montel) European gas prices continued to hit multi-year highs in afternoon trading on Wednesday, as a tight supply…
Read moreGerman Cal 22 power extends 13-year high amid gas prices
(Montel) Germany’s benchmark power contract for delivery next year rose further on Wednesday, as buoyant gas prices outweighed…
Read moreTraders see gas as key driver for power into winter
(Montel) European power prices exceeding EUR 100/MWh in recent weeks have been fanned by a gas price…
Read moreEU spot power extends highs amid winter gas jitters
(Montel) European spot power prices continued to rally, setting fresh highs for Thursday delivery, as market participants…
Read moreSpain to grant funds for 418 MW of new renewable capacity
(Montel) Spain is awarding EUR 76m to 79 renewable energy projects in the industrial sector to aid…
Read moreSouthern Sweden spot price hits record high EUR 106
(Montel) Thursday's spot price in the SE4 bidding zone of southern Sweden hit a record high of EUR…
Read moreUniper still sees risk for Nord Stream 2 pipeline launch
(Montel) Uniper considers Germany’s federal election in September as one risk for this year’s planned launch of the…
Read moreItaly July power demand climbs 5% to 30.3 TWh on year – TSO
(Montel) Power demand in Italy rose nearly 5% year on year to 30.3 TWh in July, but was…
Read moreUniper’s EU power generation emissions rise 25%
(Montel) Uniper’s carbon emissions from its power plants in the EU rose 25% to 9m tonnes in the…
Read moreTTF gas contracts continue upward trajectory
(Montel) Gas contracts at the Dutch TTF hub inched up from already-high levels on Wednesday, as Norwegian…
Read moreJuly PPA prices rise in Nordics, UK, fall in Poland – report
(Montel) Prices of power purchase agreements (PPA) in the Nordics and the UK rose nearly 5% and 2%…
Read moreNordic power trades lower but still near record levels
(Montel) Nordic power futures traded lower on Wednesday but remained near record highs, as traders waited for weather…
Read moreGerman spot power edges higher with weaker wind
(Montel) German day-ahead power prices on Wednesday looked set to extend their highest levels in five weeks,…
Read moreUniper’s H1 earnings fall 16% on carbon hedging
(Montel) German utility Uniper’s adjusted earnings before interest and taxes fell 16.1% year on year to EUR 580m…
Read moreEon hedges 71% of its 2022 nuclear generation at EUR 47/MWh
(Montel) Eon had hedged 71% of its 2022 nuclear power generation by the end of the first…
Read moreBrent crude holds above USD 70/bbl amid demand hopes
(Montel) Crude oil prices were little changed in early trading on Wednesday as some investors remained hopeful…
Read moreSupply constraints bump energy complex higher
(Montel) Gas, coal and carbon contracts extended recent highs on Tuesday as pipeline disruptions and weather forecasts…
Read moreFinland to get first green hydrogen plant in 2024
(Montel) Finland’s P2X Solutions wants to open the country’s first green hydrogen plant in Harjavalta, western Finland, in…
Read moreGerman front-quarter power hits record high on fuel costs
(Montel) German power delivery for the coming quarter hit a record high above EUR 100/MWh on Tuesday,…
Read morePoland adds 305 MW solar capacity in June
(Montel) Poland added 305 MW of solar capacity in June, raising the country's total capacity to 5,232 MW,…
Read moreGerman, Spanish, French power flirts with, tops EUR 100/MWh
(Montel) Prices for Wednesday baseload power settled around EUR 100/MWh in several European markets amid spiralling gas prices…
Read moreSweden's Helios doubles solar portfolio to 1 GW
(Montel) Swedish solar developer Helios Nordic Energy has added 10 projects equivalent to a potential 500 MW to…
Read morePGE appoints new head of its 13 GW generation arm
(Montel) Poland’s biggest power utility, PGE, on Tuesday named Andrzej Legezynski as the new head of its 13…
Read moreSpot gas prices set fresh multi-year highs amid tight supply
(Montel) European day-ahead gas prices climbed to fresh multi-year highs on Tuesday, as reduced flows from Norway and…
Read moreEngie to appeal denial of 875 MW gas plant permit in Belgium
(Montel) Engie's Electrabel subsidiary in Belgium plans to appeal the refusal by Flemish Brabant province to grant…
Read moreNordic power jumps to new highs on firm spot, dry weather
(Montel) - Nordic power for September and Q4 hit new contract highs on Tuesday, buoyed by ever-firmer spot…
Read moreGerman spot power to rise EUR 12 on plummeting wind output
(Montel) German day-ahead power prices looked set for a 13% increase on Tuesday as forecasts showed wind power…
Read moreCrude rises despite ongoing China demand concerns
(Montel) Crude oil moved cautiously higher early on Monday amid continuing concerns about declining demand in China, the…
Read moreGerman regulator welcomes plans for 700 MW cable to Sweden
(Montel) Germany’s energy regulator BNA on Monday welcomed plans for a third electricity interconnector to Sweden, saying it…
Read moreCO2, fuels trade mixed in volatile session
(Montel) European carbon and fuels prices were narrowly mixed in Monday afternoon trading, although the overall sentiment remained…
Read moreIPCC report may hasten EU climate policy response – analysts
(Montel) A UN report that warned on Monday the world would surpass 1.5C of warming in the next…
Read moreGerman Cal 22 power gains and may hit EUR 80/MWh this week
(Montel) The German front-year power contract gained in Monday’s session and could reach EUR 80/MWh later this…
Read moreGas contracts fall amid unchanged fundamentals
(Montel) European gas contracts corrected lower on Monday while bullish fundamentals, including low storage and global LNG tightness,…
Read moreSpanish spot power extends record high above EUR 111/MWh
(Montel) Spain’s day-ahead power price extended a record high on Monday amid low wind generation levels and…
Read moreFront-year coal extends gains towards USD 100/t
(Montel) European coal prices for the year ahead were likely to exceed USD 100/t later this week after…
Read moreEuropean LNG terminals expect 1.5bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.5bcm this week, potentially bringing imports…
Read moreNordic power futures hit fresh highs on tight hydro supply
(Montel) Nordic power futures rose to fresh contract highs on Monday, as the latest weather forecasts suggested hydropower…
Read morePoland faces 10 GW power supply deficit in 2030
(Montel) Poland could see a power supply deficit of 10 GW by the end of the decade due…
Read moreOctopus Renewables buys stake in floating offshore wind firm
(Montel) UK investor Octopus Renewables Infrastructure Trust (Orit) has acquired a 12% stake in floating offshore wind developer…
Read moreOPD sells 1 GW Spanish solar portfolio to Bruc Energy
(Montel) Spanish renewables firm OPD Energy sold a solar portfolio with 20 projects in Spain totalling 1,044…
Read moreGerman spot power to recover as wind output halves
(Montel) German day-ahead power prices on Monday looked set to rebound as weather models predicted wind energy…
Read moreGerman power turns negative for 11 hours on Sunday
(Montel) German-day ahead power prices turned negative for 11 consecutive hours on Sunday, as elevated wind production…
Read moreGas prices climb on supply concerns
(Montel) European gas prices were rising and remained at multi-year highs on Friday afternoon after a fire at…
Read moreCzech solar gets EUR 202m from EU ETS modernisation fund
(Montel) Plans to develop some 3.5 GW of solar capacity in the Czech Republic this decade have…
Read moreFrench front-year power nears 13-year high amid strong fuels
(Montel) French front-year power rose to a nearly 13-year high on Friday, while Q4 and front-month contracts…
Read moreGerman power advances on support from gas, CO2, coal
(Montel) German front-year power built on gains from the previous session on Friday, lifted by strength in the…
Read moreGas prices rise to new highs amid lower Russian flows
(Montel) European gas prices rose to new highs on Friday as lower Russian flows, apparently resulting in…
Read moreSpain’s Cal 22 power surges to new high above EUR 78/MWh
(Montel) Spanish front-year power rose to a fresh high of EUR 78.50/MWh on Friday, driven by gains…
Read moreGerman coal importers revise up outlook for 2021
(Montel) Germany’s coal importers association (VDKI) has reversed earlier expectations of a continued decline in coal imports…
Read moreEUAs may revisit highs on bullish gas
(Montel) European carbon prices could revisit their recent all-time high in the coming week, underpinned by unyielding gains…
Read moreNordic power contracts climb EUR 1 to new highs
(Montel) Nordic power futures for September and Q4 rose to fresh contract highs on Friday, buoyed by solid…
Read moreGerman spot set to rise next week on weaker wind
(Montel) German spot power prices looked set to gain next week amid expectations of declining wind, though…
Read moreBrent crude set for 6% weekly loss amid demand worries
(Montel) Crude oil prices traded a shade higher early on Friday, though the Brent benchmark was still on…
Read moreFrench power Q4 hits 10-year high in the wake of strong gas
(Montel) French front-quarter power reached a nearly 11-year high on Thursday amid stronger gas and coal prices.…
Read moreCO2 falls on gas weakness amid low volumes
(Montel) European carbon prices were slipping on Thursday as gas weakness spilled into the CO2 market amid subdued…
Read moreGerman power front month falls on weaker gas, more wind
(Montel) German power for delivery next month retreated somewhat on Thursday amid weaker gas and carbon prices and…
Read morePrompt gas prices slide as pipeline flows improve
(Montel) European front-month gas prices slumped on Thursday morning amid an increase in pipeline supplies.…
Read moreHydropower Cal 21 GOs steady amid muted trading
(Montel) Prices for European hydropower guarantees of origin (GO) have held steady this week, hovering around the one-year…
Read moreBatteries may gain from price surges, volatility – analysts
(Montel) Energy storage systems such as batteries can benefit from rising power prices and spot market volatility…
Read moreItaly to end explicit intraday auctions for France, Austria
(Montel) Italy will end its explicit intraday auctions on the borders with France and Austria in September, when…
Read moreNewcastle coal index eases marginally
(Montel) Australia’s Newcastle thermal coal export price has eased slightly over the past week, though it remains…
Read moreNordic power futures slip despite flagging hydro supply
(Montel) Nordic power futures edged lower on Thursday despite the prospect of flagging hydropower supply in the coming…
Read moreSSE Renewables seeks 80 MW boost at Scottish wind farm
(Montel) UK developer SSE Renewables is seeking permission from the Scottish government to boost output at its Achany…
Read moreBP eyes 1 GW blue hydrogen deals with four firms in UK
(Montel) BP has announced preliminary agreements with four potential new customers to supply up to 1 GW of…
Read moreEDP sells 149 MW wind portfolio in Poland to Mirova
(Montel) Portuguese utility EDP has sold a 149 MW wind portfolio in Poland to Mirova, an affiliate…
Read moreGerman spot power to shed EUR 24 as wind surges
(Montel) German day-ahead power looked set to lose EUR 24 on Thursday as forecasts showed a near…
Read moreOil prices edge up after Wednesday’s sharp drop
(Montel) Crude oil prices traded a shade up early on Thursday following a sharp drop in the previous…
Read moreNordic power set for further gains amid tight supply – EQ
(Montel) Nordic power prices looked set for further gains in the coming weeks as persistent dry weather threatened…
Read moreAlgerian gas supply curb to Italy extends to Saturday – Eni
(Montel) Gas supply from Algeria to Italy has been cut by 15-20% and that unavailability could continue until…
Read moreEEX urges EC to abandon carbon contracts for difference
(Montel) The European Commission should abandon plans to use carbon contracts for difference (CCFDs) to promote new…
Read moreSwedish developer eyes 4.5 GW of floating wind
(Montel) Swedish floating wind power developer Hexicon is planning three projects in the south of the Scandinavian nation…
Read moreCarbon hits 3-week high after bullish auction
(Montel) European carbon prices rose to three-week highs on Wednesday in tandem with gains in the gas…
Read moreGerman front-year power hovers near 13-year high
(Montel) German front-year power prices hovered close to their highest levels in 13 years on Wednesday as…
Read moreGas front month rebounds amid higher CO2, low supplies
(Montel) European front-month gas firmed on Wednesday, supported by rising carbon prices and continued supply limitations.…
Read moreUniper to close 505 MW UK coal capacity next year
(Montel) Uniper will shut one of four 505 MW units at its Ratcliffe-on-Soar coal-fired plant, in northern…
Read moreIndonesia sets August coal price at multi-year high
(Montel) Indonesia has set its August coal reference price at a multi-year high of USD 130.99/t, up…
Read moreNordic power curve gains on dry weather outlook
(Montel) Nordic power futures continued to gain on Wednesday, as persistent dry weather forecasts continued to increase the…
Read moreAlgerian gas flows to Italy cut by 25% until Friday – Eni
(Montel) Gas supply from Algeria to Italy has been cut by about 25% since Tuesday and could remain…
Read moreOlkiluoto test to proceed despite China problems – regulator
(Montel) Test production at Finland’s 1.6 GW Olkiluoto 3 nuclear reactor will proceed this autumn despite problems at…
Read moreDemand concerns continue to weigh on oil prices
(Montel) Crude oil prices traded flat to a shade down early on Wednesday as concerns over weaker demand…
Read moreGerman spot power to ease amid rising wind power
(Montel) German day-ahead power prices looked set to fall EUR 5 on Wednesday amid expectations of stronger…
Read moreGerman Greens pledge climate ministry with veto rights
(Montel) Germany’s Greens pledged to introduce a climate ministry with veto rights over other government portfolios if…
Read moreCarbon firms on thin permit supply, gas gains
(Montel) European carbon prices stood higher in Tuesday afternoon trading, buoyed by bullish technical signals, reduced auction…
Read moreSpain approves IFM’s partial takeover bid for Naturgy
(Montel) The Spanish government conditionally approved a EUR 5bn bid by Australian fund manager IFM for a…
Read moreStrong CO2 buoys German power market
(Montel) German front-year power rose on Tuesday amid higher carbon prices, while shorter term contracts were supported by…
Read morePrompt gas backs down from Monday’s record high
(Montel) European gas prices eased lower on Tuesday morning as market participants pointed to a correction in…
Read moreLignite tops German power mix in July
(Montel) Lignite-fired power was Germany’s biggest source of electricity last month – for the first time since September…
Read moreNordic power futures hit fresh high on dry outlook
(Montel) Nordic power futures rose on Tuesday morning, with both Q4 and Q1 contracts hitting new record highs…
Read moreEurope LNG supply plunges 37% in July
(Montel) European and west Mediterranean LNG imports slumped 37% on the year in July as strong demand…
Read moreGas becomes Germany’s main energy source – Ageb
(Montel) Gas became Germany’s main source of energy for the first time, displacing oil in the first…
Read moreUK fund manager acquires 50 MW solar farm
(Montel) UK asset manager Gresham House has acquired a 50 MW solar farm from UK renewables company Anesco…
Read moreItaly’s amended green energy law still falls short – experts
(Montel) Parliamentary amendments to a set of rules by the Italian government to boost green energy could still…
Read moreERG to sell 527 MW hydropower portfolio to Enel for EUR 1bn
(Montel) Italian renewable energy operator ERG has agreed to sell its hydropower portfolio, with a capacity of 527…
Read moreBP’s global gas production slips but H1 earnings jump
(Montel) UK oil and gas major BP on Tuesday reported a slight 0.7% year-on-year decline in gas…
Read moreGerman spot power eyes EUR 100 amid low wind output
(Montel) German day-ahead power prices looked set to inch up to EUR 100 as forecasts showed wind…
Read moreCrude oil falls as coronavirus concerns persist
(Montel) Crude oil was falling on Tuesday as concerns about the impact of a third wave of the…
Read moreBelgian local authority approves 0.9 GW Engie gas plant
(Montel) The local authority in eastern Belgium has approved plans by French utility Engie to build an…
Read moreRecord high gas buoys energy complex
(Montel) A continued rise in European gas prices to fresh record highs supported momentum across other energy…
Read moreRussian coal exports jump 9% in July
(Montel) Russian coal exports jumped nearly 9% year on year in July as exporters took advantage of…
Read moreSpanish power generation falls 7% in July – TSO
(Montel) Spanish power generation fell 6.9% year on year in July, to nearly 21.3 TWh, due to…
Read moreCarbon breaches EUR 55/t, eyes further gains
(Montel) European carbon allowances, buoyed by fresh record gas prices, climbed above EUR 55/t on Monday morning…
Read moreEuropean gas contracts gain on supply concerns
(Montel) European gas prices rose on Monday to hit fresh highs amid persistent supply concerns surrounding the forthcoming…
Read moreLimited supply underpins coal market
(Montel) European coal prices hovered close to multi-year highs on Monday, underpinned by limited supply and persisting…
Read moreGerman Cal 22 power hits fresh high on gas surge
(Montel) German front-year power sustained its recent uptrend on Monday to hit a fresh 13-year high as bullishness…
Read moreUK renewables share declines to 2.5-year low
(Montel) Renewable power sources in July accounted for their lowest share of the UK’s power mix since…
Read moreSpanish spot power set for gain this week on low wind
(Montel) Spanish spot power prices looked set to rise this week amid expectations of lower wind production,…
Read moreFrench nuclear output jumps 21% on year in July
(Montel) French nuclear power generation rebounded 5.9 TWh, or 20.8%, year on year in July to 28.4…
Read moreNordic Q4 power sets new high on dry weather, strong fuels
(Montel) Nordic front-quarter power was trading at a fresh record high on Monday amid drier weather forecasts, strong…
Read moreGalp buys 220 MW solar projects in Spain
(Montel) Portuguese energy company Galp has acquired more than 220 MW of solar projects from Enerland for…
Read moreEdison acquires 40 MW of wind power in Italy
(Montel) Italian energy company Edison has added 40 MW of new wind energy capacity raising its total installed…
Read moreEuropean LNG terminals expect 1.2bcm this week
(Montel) LNG vessel arrivals at key European destinations could total around 1.2bcm this week, while July deliveries…
Read moreGerman spot power eyes 20% jump as wind output declines
(Montel) German day-ahead power prices looked set to rise over 20% on Monday amid a slump in…
Read moreCrude prices fall as Opec+ increases production
(Montel) Crude oil was lower early on Monday, as a new Opec+ agreement to increase output took effect…
Read moreGas markets fall despite bullish indicators
(Montel) European gas prices were falling on Friday amid a technical correction that could extend into next week…
Read moreLignite generation rebounds with high gas prices
(Montel) The competitiveness of emissions intensive lignite-fired power plants has reversed its slump this year – despite…
Read moreGerman Cal 22 power retraces on weakening fuels
(Montel) German front year power fell over EUR 1 on Friday, tracking similar losses in the gas and…
Read moreGas prices correct down after bullish week
(Montel) European gas prices fell on Friday afternoon with traders attributing it to a correction after the market…
Read moreBullish gas, power to buoy CO2
(Montel) European carbon prices were up on the week on Friday morning at around EUR 53/t amid bullish…
Read moreNordic power futures rise on dry outlook, strong spot
(Montel) Nordic power futures closer in rose on Friday as a deficit in hydropower supply was expected to…
Read moreGerman spot power to surge next week as wind diminishes
(Montel) German spot power prices looked set to soar over 50% next week amid a lower wind…
Read moreEni boosts 2021 renewable capacity target to 1.2 GW
(Montel) Italian energy company Eni has boosted its 2021 target for installed renewable capacity from 0.7 GW to…
Read moreLNG market faces supply shortfall to 2025 – Novatek
(Montel) The global LNG market faces a shortfall in supply until the middle of the decade due to…
Read moreEngie increases 2021 hedging volume to 93% at EUR 47/MWh
(Montel) Engie had hedged 93% of its expected 2021 European nuclear and hydropower production at EUR 47/MWh…
Read moreGlencore’s coal output falls 16% in H1
(Montel) Glencore produced 48.7m tonnes of predominantly thermal coal in the first half of 2021, down 16%…
Read moreRWE revises up full-year earnings outlook on strong trading
(Montel) German utility RWE has revised up its full-year earnings outlook for 2021 based on the performance of…
Read moreSpanish court dismisses Repsol from criminal probe
(Montel) Spain’s High Court dismissed energy company Repsol and its chairman Antonio Brufau from an investigation in…
Read moreOil falls as coronavirus concerns continue to weigh
(Montel) Oil prices were falling on Friday as concerns about the impact of the coronavirus on demand continued…
Read moreIndustry must embrace PPAs to boost competitiveness – Enel
(Montel) Industry should look to benefit more from long-term power purchase agreements (PPA) to mitigate the impact of…
Read moreEnel hedges 99% of 2022 capacity at EUR 60.70/MWh
(Montel) Italian utility Enel had hedged 99% of its domestic capacity for next year at EUR 60.70/MWh by…
Read moreWind, gas dearth a concern for winter UK power – expert
(Montel) The UK faces spiralling power prices this winter should low gas stocks and limited renewable generation…
Read moreCoal rises to fresh 13-year high
(Montel) European prompt coal prices rose to new 13-year highs in Thursday trading as still limited near-term…
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